PSA for my fellow Canadians!!
How to Invest on #bitcoin in Canada and enjoy TAX FREE returns - A Quick Thread 👇🏻 1/X
First things first -> Not your keys, not your #bitcoin . Learn how to run a node ( @getumbrel is a great and easy way to start), learn how to custody your coins, embrace all the best of bitcoin. With that said... 2/X
... there is a perfectly legal way to acquire bitcoin in 🇨🇦(at a % premium) TAX FREE, when you buy it from your TFSA. That product is a publicly traded fund offered by @3iq_corp under the ticker QBTC.U . Here are the fund details : 3/X
The only downside is that since is not an ETF, the spread can get a bit much from the NAV, so check it on http://bitcoin.clarkmoody.com/dashboard  the current premium, anything between 15% and 18 % is good enough to justify 50% capital tax on your gains later 4/X
Again, this is limited to your TFSA, so the idea is just to be a nice sidekick to your stash. And yes, I have some myself also on my RRSP since I can’t really reach out for that money as well.
Many thanks @fpye and @FossGregfoss for providing this option to Canadians 5/X
DISCLAIMER: Not financial advice. No Quad4 was seen during this thread.
You can follow @BtcManhattan.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: