Sorry for stealing Ivan’s eye-catching meme but hey…I am seeking the answer!
What exactly is the Capital Gains exemption in Canada and how can one utilize it to take MASSIVE sats tax-free OUTSIDE of your ‘registered’ TFSA?
Does it apply trading crypto?
Where on myCRA can you see what your Cap Gains exemption limit is? I’ve been using accountants for 20 years and let them do their stuff…I have no idea whether they have tapped into it or not.
I heard somewhere that capital gains are an operated on an ‘honor system’. The government ‘trusts’ that you will report your non-registered investment gains (profits).
It appears that Web3.0 or where we are headed is the tokenization of everything in the internet of ‘everything’ which is VALIDATING everything and trusting nobody which will make the nomenaclature ‘registered’ investment redundant (if I am using the correct word)…as tokenization IS registration…anyway I am still on BTC101, concerned about advancing further to soon as knowledge is good but at a measured pace…for me at least, generates far too many questions rather