I want to cash out but avoid getting fucked by the taxman. I live in Canada.
I can buy PCs/laptops from newegg with bitcoin. I'm thinking of buying PCs with BTC, then flipping them for cash on kijiji. Is this a good idea?
no
local bitcoins and cash my dude, you'll even sell with a premium
Avoid getting FBIed also
>>2430831
Quadrigacx allows cash and virtual visa withdrawal
>>2430831
>avoid getting fucked by the taxman
>live in Canada
haha
>>2430944
Anytime
How much BTC tho?
>>2430971
i bought 20 eth 2 months ago
>>2430968
is there really any way for them to track me if I just sell it for cash and keep it in a safe?
>>2430944
No you don't, why can't you just do a little bit of research
Newegg doesn't accept bitcoin in canada anymore.
>>2430989
yes
4chan reports the IP's of all reported people (for illegal reports) to the FBI (if american) or to the interpol if international.
Your IP is on a list now, expect an audit
>>2431031
stfu fagboy
>>2430831
Unless you earned literally several hundred of thousand dollars, you'll take a bigger hit in sales tax than you would simply declaring your income from bitcoins- depending upon your provincial capital gains tax. Only half of your capital gains are taxable under the current rules- if you earned $50000 in British Columbia, you'd only be taxed 5.06% on $25000.