MysticInfinity
Thu Jun 06 2024
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7 answers
1319
Is futures good for day trading?
Could you please explain the suitability of futures for day trading? I'm curious to know if futures trading offers advantages for short-term speculation or if there are particular risks associated with it. Could you elaborate on the potential profitability and liquidity of futures markets in a day trading context? Additionally, are there any specific strategies or considerations that one should take into account when engaging in futures day trading? Thank you for your insights.
Stefano
Thu Jun 06 2024
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6 answers
933
Can I claim my crypto loss on taxes in Canada?｜Capital losses from crypto-assets . You cannot deduct your allowable capital losses against income from other sources, such as employment income.You are allowed to deduct half of your capital losses (known as allowable capital losses), but only against your taxable capital gains
Could you please explain the tax implications of cryptocurrency losses in Canada? I'm particularly interested in whether I can claim my crypto losses on my taxes. Additionally, could you clarify how capital losses from crypto-assets are treated? I've heard that you can't deduct them against income from other sources like employment income. Is that true? If so, how do I go about deducting the losses I've incurred? Can I only deduct half of my capital losses, and are these known as allowable capital losses? Furthermore, are these deductible only against taxable capital gains? I would greatly appreciate a clear explanation of these tax rules.
SolitudeSerenade
Thu Jun 06 2024
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6 answers
1043
Is crypto futures safe?
Could you please enlighten me on the safety aspects of crypto futures? Given the volatile nature of cryptocurrencies, I'm curious to know if investing in futures contracts poses any significant risks. Are there any regulatory frameworks or safeguards that protect investors in this market? Also, how does the process of trading crypto futures work, and what are the potential rewards and drawbacks associated with it? Your insights would be greatly appreciated.
Elena
Thu Jun 06 2024
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8 answers
2388
How to learn future trading?
Could you please elaborate on the steps involved in learning future trading? I'm particularly interested in understanding the fundamental concepts, such as what futures contracts are and how they work. Additionally, I would like to know about the various strategies and techniques that can be employed for successful trading. Could you also provide some insights on how to identify potential trading opportunities and manage risks effectively? Lastly, are there any specific resources or platforms that you would recommend for beginners to learn about future trading? Thank you for your guidance.
WhisperVoyager
Thu Jun 06 2024
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7 answers
1730
How to avoid crypto tax in Canada?｜The easiest way to reduce your tax bill is to hold your cryptocurrency for the long term. Remember, there is no tax for simply holding cryptocurrency. You will only be taxed when you dispose of your crypto - for example, when you sell it for Canadian dollars or trade it for another cryptocurrency.
Could you please elaborate on how to effectively avoid crypto taxes in Canada? I've heard that holding cryptocurrencies for a longer duration might be beneficial. Could you explain why this strategy helps reduce tax bills? Is it true that simply holding crypto assets doesn't attract any taxes? And what exactly constitutes disposing of crypto, such as selling it for Canadian dollars or swapping it for another crypto? I'm interested in understanding these nuances to ensure I comply with tax regulations while maximizing my returns.
