Questions tagged [canada]

Tommaso Fri Mar 29 2024 | 7 answers 1072

I'm a bit confused about the Bitcoin apps available in Canada. Could you please recommend a reliable one? I'm interested in buying and selling Bitcoin and would like to have a secure platform to do so. Is there any specific app that you would recommend for beginners in the crypto world? Also, are there any fees or commissions associated with using these apps? I'd appreciate your help in clarifying these matters.

Stefano Fri Mar 29 2024 | 7 answers 1562

As a cryptocurrency investor in Canada, I'm curious about how to minimize my capital gains tax on my crypto assets. I understand that the tax rules surrounding cryptocurrencies can be complex and ever-changing, so I'm seeking professional advice. Could you explain any strategies or legal means to reduce or defer my capital gains tax on cryptocurrency transactions? Are there any specific tax planning techniques or investment structures that I should consider? Additionally, are there any tax-efficient ways to convert my crypto into fiat currency or other assets without triggering a taxable event? Thank you for your time and expertise.

GinsengGlory Fri Mar 29 2024 | 5 answers 929

Good day, I am an interested party in the cryptocurrency market and am currently exploring my options for trading platforms in Canada. One of the key factors I am considering is the trading fees charged by these exchanges. Could you kindly inform me which crypto exchange in Canada offers the lowest trading fees? It would be helpful if you could also provide a brief overview of the services and features offered by this exchange, as well as any potential downsides or limitations I should be aware of. Thank you for your time and assistance.

JejuJoyful Fri Mar 29 2024 | 7 answers 1578

I am interested in purchasing a second property in Canada, and I was wondering if it is possible to have two primary residences in the country. I understand that the definition of a primary residence can vary, and I am curious to know if there are any specific rules or regulations regarding this matter. For instance, if I purchase a second home in a different province, can I claim both as my primary residence? Or, is it necessary to designate one as my primary residence and the other as a secondary or investment property? I would also like to know if there are any tax implications or benefits associated with having multiple primary residences in Canada. Are there any specific tax deductions or credits that I can take advantage of? Lastly, I am aware that the real estate market and regulations can vary from province to province. Therefore, I would appreciate it if you could provide some insight into the specific rules and considerations for having multiple primary residences in Canada. Thank you for your time and assistance. I look forward to hearing from you soon.

Lorenzo Fri Mar 29 2024 | 7 answers 824

Excuse me, I am quite curious about Canadian tax regulations. Could you possibly enlighten me on the topic of taxable income? I'm particularly interested in knowing how much money one can earn before being required to pay taxes in Canada. Additionally, are there any specific exemptions or deductions that could potentially reduce one's taxable income? I appreciate your time and assistance in clarifying this matter.