PSA for my fellow Canadians!!
How to Invest on #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> in Canada and enjoy TAX FREE returns - A Quick Thread https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏻" title="Rückhand Zeigefinger nach unten (heller Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (heller Hautton)"> 1/X
First things first -> Not your keys, not your #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt="">. Learn how to run a node ( @getumbrel is a great and easy way to start), learn how to custody your coins, embrace all the best of bitcoin. With that said... 2/X
The only downside is that since is not an ETF, the spread can get a bit much from the NAV, so check it on http://bitcoin.clarkmoody.com/dashboard ">https://bitcoin.clarkmoody.com/dashboard... the current premium, anything between 15% and 18 % is good enough to justify 50% capital tax on your gains later 4/X
Again, this is limited to your TFSA, so the idea is just to be a nice sidekick to your stash. And yes, I have some myself also on my RRSP since I can’t really reach out for that money as well.
Many thanks @fpye and @FossGregfoss for providing this option to Canadians 5/X
DISCLAIMER: Not financial advice. No Quad4 was seen during this thread.
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