Im making lots of money on Crypto and will never ever pay one cent tax on any of it, and I may not even have to break any laws.
All I have done so far is making a lot of money vanish where nobody can ever find out whose it is or how it got there.
Money laundering is so easy im surprised more people do not do it.
Long live Crypto!
Down with the Government of Canada!
The CRA isn't stupid, they'll just charge capital gains on the full amount you converted.
If you want to avoid taxes you should be trading Cash for Bitcoin in person.
With the huge deficits that Trudeau is running, the CRA is salivating at the prospect of taxing the shit out of people. The type of person that applies for a job at the CRA gets their dick hard at the prospect of financially ruining middle class people who want to escape the wage cuck lifestyle. Bullying middle class and working class people is the only thing that can get them to get it up for their landwhale wives anymore. While turning a blind eye to Bill Morneau and the Liberal bullies and CCP money launderers.
As for whether OP gets caught exchanging bitcoin for monero, chances are he's probably using some sort of Chinese exchange to trade monero. If you're trading btc for xmr at a Canadian or maybe US exchange (assuming the IRS works with the CRA), you're done bud. The CCP and Asian Tigers probably won't cooperate with the CRA. I doubt these Chinese exchanges keep good books at all.
You better be behind a VPN. Don't be talking like that while going bareback.
This website doesn't have much traffic so maybe it doesn't matter. But wasn't there some CRA employee (probably a LARP) making a thread here some months ago about how the CRA is one big computer and how they are going to go after the people who traded on Coinsquare? So they might already be watching this forum. Unless that was a LARP. You decide
Teach me
Open an account on pretty much any exchange (bitbuydotca for example) e transfer money to the account. swap it for BTC or LTC. Send said LTC or BTC to cakewallet (app available on app store and for android). exchange that into Monero and HODL.
Can't you just put it through a bitcoin tumbler
From My Bank -> Exchange -> Bitcoin ->
The exchange has a record that you bought BTC. What will prevent the tax man from creating a retroactive rule that makes it criminal not to account for the "investment"?
It is already a US crime to evade reporting of a foreign financial account every year. I don't know how easy it is for them to catch someone at it.
based