Tax rules apply to digital currency transactions, including those made with cryptocurrencies. Using digital currency does not exempt consumers from Canadian tax obligations.

When you file your taxes you must report any gains or losses from selling or buying digital currencies.

Digital currencies are considered a commodity and are subject to the barter rules of the Income Tax Act. Not reporting income from such transactions is illegal.

As if you never took cash job ever

I dont commit crimes sir

Theres ways around it for small amounts, if i make it big i plan on going to poland

That "small amount" is 30k per year gross

E: the quotes were not to imply that is a large amount, its not even enough to eat

This post was edited by dude_927 on Dec 23 2017 10:19pm

"network invisibility" i was wrong, your jokes are funny

Monero isnt a joke friend

People would rather be stuck in their daily grinds of life..

pointless to talk to them about making side money or changing your life etc.

Like you cant convince most ppl to gym, they make excuses not too. same goes with anything else, look at the patterms. If you force someone to change out of their comfort zone, they put on this defence mechanism that revolves around defending their ego etc.

Gymming has been proven to enhance quality of life, but they would prefer living their lethargic lifestyles, the same way some ppl will never quit smoking, disregarding all of the facts etc..

same goes with this crypto stuff.

This post was edited by RODALE on Dec 23 2017 10:49pm

Theres other stores of wealth you can trade into that accept crypto purely because tax regulations gave them a market

I got no problem paying the tax man but if they legitimately expect people to record every transaction they’ve never seen an altcoiner, i literally have hundreds of trades that look like
Buy
.00040 .00042 .00045 .00048 .00050
Sell
.00070 .00072 .00075 .00078 .00080

On multiple coins. DAILY. and im considered a small fry,
Imagine arbitragers doing the same thing except transfering across 15+ exchanges

they cant be realistic if they think the irs or the crypto owner is going to run those numbers, that whole per transaction tax shit going around has got to be exaggerated

This post was edited by Tuna_BeIIy on Dec 23 2017 10:50pm