You’re going to love this one - New GST/HST Guidelines for NFT Sales in Canada. In a recent release, CRA has specified that NFT sellers are obligated to collect GST/HST from Canadian buyers, if they earn more than $30,000 in annual gross revenue. As if Capital Gains tax wasn’t enough. Thanks a lot Canada 🖕

atmospherics

Photography

I trust nothing you say today April. See you tomorrow!

If you go from investor to degen trader, consider the tax consequences. In Canada, this means that any type of gain will be treated as income not ‘capital gains’ - tax bill could be higher.

Anything you buy with ETH or BTC is a taxable event. Consider borrowing against them instead.

Finally on Farcaster and figuring how it works. How do I add channels to follow what my frens are up to on Farcaster? Help

Family first, Crypto, NFTs, Art. Let’s go!

Cmbarce

@cmbarce