Cryptocurrency Q&A

Silvia Fri Mar 29 2024 | 7 answers 1869

I'm sorry, I'm a bit confused about the Canadian tax system. Could you please explain what the 90 rule is? I've heard it mentioned a few times, but I'm not sure what it actually means or how it applies to taxes. Is it something that affects all taxpayers, or is it specific to certain situations? Could you give me an example of how it works in practice? I'm trying to understand the Canadian tax system better, and I think this rule might be key to understanding it. Thank you for your help!

AzrilTaufani Fri Mar 29 2024 | 5 answers 1491

I'm sorry, I'm a bit confused. What do you mean by 'what is considered poor in Canada'? Are you asking about the economic definition of poverty in Canada, or are you asking about social or cultural aspects that might be considered poor or unacceptable?" "If you're referring to the economic definition, poverty in Canada is typically measured using the Low Income Cut-Off (LICO). This is a threshold income level that is adjusted annually to reflect changes in the cost of living. Families with incomes below this threshold are considered to be in poverty. However, the LICO is just one measure, and there are many other factors that can contribute to a person or family feeling poor, such as access to education, healthcare, and social supports." "If you're asking about social or cultural aspects, that's a much more subjective question. What might be considered poor or unacceptable in one community or region of Canada might be completely normal or acceptable in another. For example, some might consider it poor to live in a community with limited access to cultural activities or educational opportunities, while others might not value these things as highly." "Can you please clarify your question? I'd be happy to provide more specific information based on your needs.

Daniele Fri Mar 29 2024 | 5 answers 977

Hello, I am a beginner in the field of cryptocurrencies and I would like to know how to convert my crypto assets into cash in Canada. Could you please provide me with a step-by-step guide on how to do this? I'm a bit confused about the process and want to ensure that I do it correctly. Also, are there any specific regulations or taxes that I need to be aware of while converting crypto to cash in Canada? Thank you for your help.

GeishaMelody Fri Mar 29 2024 | 6 answers 910

Hello, I'm new to the world of cryptocurrency and I'm a bit confused about how to convert my bitcoin into cash. Could you please explain the process to me? I've heard that it can be a bit complicated and I want to make sure I do it correctly. Also, are there any fees or charges involved in the conversion? And how long does it usually take for the funds to reach my bank account? Thank you for your help!

Carolina Fri Mar 29 2024 | 6 answers 1688

I'm often curious about salary standards in different countries. I've heard that the cost of living in Canada is relatively high, so I was wondering if earning 200,000 Canadian dollars a year is considered good or not. Of course, this is just a general question, and I understand that salaries can vary widely depending on the industry, position, and other factors. But still, I'd like to get a rough idea of what this income level might offer in terms of lifestyle and financial security in Canada. Any insights or advice would be much appreciated!