Quote:
Originally Posted by Leondros
You would have to run the numbers in your situation but yes, you are deferring tax on a personal basis in your corporation until a time you pay out your dividends. This is advantageous if you can wait for a tax year where you are in a lower tax bracket. However your gains will be significant and taxed at a higher rate. Have your accountant run through both scenarios for you on paper.
You actually can run bitcoin through TFSA and RRSPs now that there are ETFs. I have a chunk of my TFSA in these.
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Thanks.
Yeah, I've run all of this through my advisor and accountant and it's long term investments for me. It's definitely better in my corporate structure, I'm just bad with the details (which us why I hire the pros).
How has the ETF performed compared to Bitcoin?
Does it actually mirror the returns closely?
Does bitcoin dropping 7% today mean the ETF did as well?