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40 sats \ 2 replies \ @Coinsreporter OP 4 Feb \ parent \ on: Fold Expands Relationship with Visa to Accelerate Bitcoin Rewards Card Programs bitcoin
1% is also great. But it's kyc , right? Do you top it up with no kyc bitcoins, or Kyced Bitcoins?
I'm not aware about the laws in canada but here they want us to declare our earning in Bitcoin. If we do, they impose a 30% tax for any earning in Bitcoin is considered as donation or gift. There's a relaxation upto $600 though.
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20 sats \ 1 reply \ @grayruby 4 Feb
It is definitely KYC.
There are capital gains taxes on Bitcoin in Canada but only if you sell. Don't give them any ideas to tax my rewards. They definitely will. Canada loves taxes.
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40 sats \ 0 replies \ @Coinsreporter OP 4 Feb
Great. Canada is still doing much much better than India.
They tax it as I said if you just recieve it from anywhere. It's like you recieve 1 Bitcoin and it'll be 0.69 straightaway.
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