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RE: Bitcoin Gains ~$300 in a Day! - About to SMASH the $4000 $CAD mark!! | BTC/USD = $2895 (high) after last wkend correction. WE ARE OK FOLKS!

in #bitcoin8 years ago

Hey Barry, this may be a little of topic... Would you be able to explain or do a post on why you don't have to claim crypto currency profits as earned income once you convert them into Canadian Dollars? Thanks in advance !

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I will not be getting into that.

What I can tell you is that when you go to the fascist Gov't of Canadastan website, like any gubment that sticks its nose into every single affair of a resident, the GOC does not officially recognize BTC as currency.

I have those screenshots for my files.

Now how is a gubment that cares about you so much, supposed to provide jurisdiction and taxation as theft oversight, to something they do not even recognize as currency?

Cool, thanks for divulging even this little bit ;) It's helpful

NP

Def. look that up on the Canadastan gov't website!!