Cryptocurrency Q&A
Can I hold bitcoin in my TFSA?
Can I hold bitcoin in my TFSA?
SolitudePulse
Wed Nov 27 2024
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6 answers
1269
I'm wondering if it's possible to include Bitcoin in my Tax-Free Savings Account (TFSA). I want to know if holding bitcoin in a TFSA is allowed and what the implications might be.
6 answers
amelia_doe_explorer
Fri Nov 29 2024
Entering the world of cryptocurrency trading does not necessarily require signing up for or mastering the use of a crypto trading platform.
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DaeguDivaDance
Fri Nov 29 2024
When it comes to taxes, it's important to note that cryptocurrency itself cannot be held in registered accounts like a Tax-Free Savings Account (TFSA) or a Registered Retirement Savings Plan (RRSP).
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Tommaso
Thu Nov 28 2024
This means that any capital gains realized from trading cryptocurrency are subject to taxation.
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BlockchainWizardGuard
Thu Nov 28 2024
For those seeking tax advantages, there is an alternative option available in the form of cryptocurrency Exchange Traded Funds (ETFs).
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SamuraiCourage
Thu Nov 28 2024
Crypto ETFs are financial instruments that allow investors to gain exposure to the cryptocurrency market without actually owning the underlying coins.
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