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How to invest tax-free in a bitcoin ETF in Canada
– moneysense.ca
Canada is one of the best places on Earth to invest in crypto. The regulatory environment here is crypto-positive, and Canada is on the cutting edge of crypto innovation—we were the first country to launch a crypto exchange-traded fund (ETF).
Another perk of crypto investing in Canada: you can combine it with tax-advantaged registered accounts like the tax-free savings account (TFSA) and the registered retirement savings plan (RRSP). Using these registered accounts, you can build a tax-free or tax-sheltered crypto portfolio, respectively. What’s more, you don’t have to know your way around “crypto land”—such as crypto wallets and crypto exchanges—to do this. But you should understand how crypto gains are typically taxed in Canada, how crypto ETFs work and the overall risks of crypto trading. As with any speculative asset class, investing in crypto is inherently risky. You will encounter market swings and crashes that can test even the most experienced investors. Here’s what to keep in mind…
