Row 12429

Row ID: 12429 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 12429 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

At least here in Canada, wealthsimple generates tax statements for your crypto so you can easily calculate what tax you owe if you sell any crypto. How would this work if you buy and then send it to a wallet? Would it count that transfer as a sale and a realized gain at that point and report it to the CRA as such? How do you calculate the taxes if you're buying regularly and transferring?

My concern about transferring my WS Bitcoin is that the CRA will expect taxes to be paid on my gains once I transfer it, even if I haven't actually sold the Bitcoin. And I'm not sure how to calculate how much I actually owe without the tax statements generated by WS. I'm worried I'm going to have to hire an accountant just to deal with my crypto when I one day sell (not anytime soon!). Or if I transfer it to a wallet.

FieldValue
text At least here in Canada, wealthsimple generates tax statements for your crypto so you can easily calculate what tax you owe if you sell any crypto. How would this work if you buy and then send it to a wallet? Would it count that transfer as a sale and a realized gain at that point and report it to the CRA as such? How do you calculate the taxes if you're buying regularly and transferring? My concern about transferring my WS Bitcoin is that the CRA will expect taxes to be paid on my gains once I…
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-20
username_encoded Z0FBQUFBQm5Lakw2d0JUMjE4OUl3WkZpMkhDMF93SV9JR1lPMDNibHYwczFzd3hoa3hXNW1PSmlET3JnOXk5aEFWcm1Ca2x1MXlSWEwzTmJYN2pKOWtiNGFIV1BZdUZZWHpzdGVjZE95ZWRaZEJiRTRDdEJqZUE9
url_encoded Z0FBQUFBQm5Lak9LY3JHOTNvSGRESE5JcFhUWVlCMm1hVzZ1S1dGS1E4dkdHWUJSNHZqUnhlRWRFYXlfMXhfRWYwZ0M4VEFLckRLN0x2TGtnZkNUTk93YTBjbEt1eU1tcW9xVUJzMlMxazZVY2RoWS14MFdMbGIxNGpSTy1lNnRFa0VoM1VwZlR3MUhDR3NaZWZtTkNVWWJfZGx6TEcwZUc3X2ktRUF0SnlHTUFiY05rV0hQdUttbXNYdUdFTVNzNUZUVWN1cVU4dDNJeUZrNUp3V0xnUUF6bTk2OGZBaGdfdz09

Raw Record

{
  "text": "At least here in Canada, wealthsimple generates tax statements for your crypto so you can easily calculate what tax you owe if you sell any crypto. How would this work if you buy and then send it to a wallet? Would it count that transfer as a sale and a realized gain at that point and report it to the CRA as such? How do you calculate the taxes if you're buying regularly and transferring?\n\nMy concern about transferring my WS Bitcoin is that the CRA will expect taxes to be paid on my gains once I transfer it, even if I haven't actually sold the Bitcoin. And I'm not sure how to calculate how much I actually owe without the tax statements generated by WS. I'm worried I'm going to have to hire an accountant just to deal with my crypto when I one day sell (not anytime soon!). Or if I transfer it to a wallet.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-20",
  "username_encoded": "Z0FBQUFBQm5Lakw2d0JUMjE4OUl3WkZpMkhDMF93SV9JR1lPMDNibHYwczFzd3hoa3hXNW1PSmlET3JnOXk5aEFWcm1Ca2x1MXlSWEwzTmJYN2pKOWtiNGFIV1BZdUZZWHpzdGVjZE95ZWRaZEJiRTRDdEJqZUE9",
  "url_encoded": "Z0FBQUFBQm5Lak9LY3JHOTNvSGRESE5JcFhUWVlCMm1hVzZ1S1dGS1E4dkdHWUJSNHZqUnhlRWRFYXlfMXhfRWYwZ0M4VEFLckRLN0x2TGtnZkNUTk93YTBjbEt1eU1tcW9xVUJzMlMxazZVY2RoWS14MFdMbGIxNGpSTy1lNnRFa0VoM1VwZlR3MUhDR3NaZWZtTkNVWWJfZGx6TEcwZUc3X2ktRUF0SnlHTUFiY05rV0hQdUttbXNYdUdFTVNzNUZUVWN1cVU4dDNJeUZrNUp3V0xnUUF6bTk2OGZBaGdfdz09"
}
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