Quote:
Originally Posted by Leondros
But your tax on investment income is almost certainly higher than your personal tax rate.
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Yes, but I have more to invest instead of investing after tax dollars.
I only lose 12% to the tax man and can get more into the market instead of losing 40-50% and investing personal income and then investing the leftovers. Especially since crypto can't be under tax sheltered investments like a TFSA/RRSPs.
There's other things that apply too, it makes sense when my accountant talks to me, but this stuff honestly hurts my brain
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I'll call my accountant anyway, but was just curious if anyone else had set up a corporate crypto structure.