Those who have dodged taxes on 7 figure of BTC in Canada how did you do it? Setting up a foreign trust seems easy enough but how would you get that money back into the system to spend on real estate?The Foreign Accrual Property Income rules don't seem to have any work around. I've also seen a growing number of CRA review where they ask for a list of property owned and the source of funds to purchase.I guess you can get around this by never having anything in your name and everything in the foreign trusts name. Anyone have any real world experience?
>>60933494Just trade in a TFSA account, simple, anything you make is tax free.
>>60933494with that amount of money it would probably make sense to hire a lawyer/accountant that specializes in tax efficiency
>>60933557Not an option if the money has already been made outside of a registered account. >>60933593That's why I'm looking for someone who already did something similar who can make introductions or at least generally describe the structure.
>>60933619>Not an option if the money has already been made outside of a registered account.Well then you got to pay the Jeet CRA.
>>60933780Making all this money so the Libs can give it to Natives and CEBA, CEWS, CERB etc?FUCK NOThere has to be a method
i look forward to selling all my BTC for Canadian dollar on Kraken and then making 1 single wire transfer into my Canadian Big 5 bank account and walzing right into the bank afterwards and shaking the managers hand and asking them to help me invest my newfound wealth. I'm tired of being a crypto cuck.
>>60933619that chiquita gong cost you waaaaay more than any tax bill. tread carefully op
Are you KYC'd, op? Can they realistically trace the source of your gains?
>>60933494>>60933619>>60933817this is a serious recommendation dont pay the taxes, file on public record stating the assets were moved into a trust the second they hit your on chain wallet (if youre holding on a CEX youre fucked) go to (dontbeaslave dot com) and search the VSOF on rumble. canada is common law everything on these resources applies to canada too. i have been winning bigly in court lately, literally sueing courts just for trying to give me a ticket and they are scared. i dont care if you listen, either the info resonates with you or it doesnt the truth is truth
>>60933876Is this a bad idea with big banks? Kind of want to do this but I don't want to get debankedI've had no problem with direct deposits/wires over the years like $10-20k/mo at max but ive never tried 6 figs at once I don't see what the problem could be other than some banks being uppity due to crypto
>>60933895No KYC>>60933939Creating a foreign trust is no problem. Even having a settlor outside of the country is possible. The problem start after that. I can't be a beneficiary because the FPAI would apply. Plus I would want to use some of that money in Canada to invest in things like real estate etc.I guess I could just not be a beneficiary, but what then stops the trustee from running off with my money lol.
>>60933944I dont think banks care if you deposit money into their bank from crypto (as long as everything seems above aboard and not like money laundering) it's the other way around that might make them skittish. They dont want crypto eating into their slice of the pie. But why would they reject free money if it coms from a legal source?
>>60933494>7 figure of BTC7 figures in Canadian pesos, or 7 figures in chad USD?Anyway, I was recently in Argentina, and the currency exchanges don't check any ID when converting to whatever. You can cash out all the BTC you want there and live like a king, or patron, or jefe, or whatever.>>60933876In all seriousness, why? What's the point of cashing out of the fastest-rising asset in existence? You want to get 3% on your savings account? 7% on some bond fund? OMG you might get 15% in stocks (or lose 50% in a crash).
Here is some good information but the question as always is what will the CRA look for when a capital distribution of 7 figures is made from a non resident trust to a Canadian?https://www.debankers.com/Assets/2017%20DTC%20Tuesday/Wheel%20of%20Fortune/Wheel%20of%20Fortune%20-%20LeBreux%20Presentation.pdf
>>60933876Is it really that easy? From what I've read Canadian banks are huge fags about this and will freeze your account even if you show proof of where the funds came from.
>>60933979you are about 1 inch into a mile deep hole by knowing what a "foreign trust" is. FPAI doens't apply if you dispute its jurisdiction. > Plus I would want to use some of that money in Canada to invest in things like real estate etc.this is [early] impossible with what im advising, once you start fucking with commercial real estate (yes small land lords apply, if you are renting to anyone) then statutory jurisdiction will attach, its incredibly hard to not>beneficiary no, you are the executor of your own estate.learn about common law. Common law is superior to statutory law. this is a deep hole but its really simple, it will take like 6 months of full time educating to really get confortable. AI helps immensley but you have to break it, ChatGPT is easiest to get the truth out of, grok is impossible, claude is okay, but i found its just not as smart, its best for programming. Deepseek is decent too. don't assume you have the first bit of what these resources teach if you don't know the difference between statutory and common law and how common law and the commercialization of your estate. if you do not understand these things you should look into the resources i have shared the VSOF on rumble and odysee is much better, but more indepth, (dontbeaslave dot com) is great too but its not as academic
>>60933979Find a God-fearing Christian to be your trustee, preferably your own blood.
>>60933939>>60934119Don't do this lmfao.This is just as autistic as the retards who get pulled over for speeding and they say they're a "travelling man" because you read some schizo admiralty law thread one time.You will not beat the government, who literally have unlimited funding. You will only end up wasting tens of thousands, and countless hours on this glownigger op. P2P in small increments. Perhaps create a bullshit business of one of your hobbies and launder through that.
