Due to my poor health I am encouraged to retire earlier than I wanted to. It took some number crunching but I can have sufficient resources to make a comfortable go of it. Assuming my public pensions remain solvent past 2030??? It is one of my five streams of post employment income.
Gold, on the other hand, must be held for 22 years to be fully exempt from capital gains tax.
A graduated Capital gains ladder for gold huh? My Canadian tax laws would still levy a capital gains tax, if sold for cash. However, if I trade a gold coin for a automobile it is considered Barter or Trade so no capital gains, VAT or consumption taxes are levied. I could also borrow using my gold as collateral, it won't trigger a capital gain and I could write my interest off on the loan as a business expense.
Apparently adding herbs to your garbage can makes it smell better. But I don't have thyme for that rubbish. Credit: reddit @kerrislravenhill, I sent you an $LOLZ on behalf of hive-103505
Due to my poor health I am encouraged to retire earlier than I wanted to. It took some number crunching but I can have sufficient resources to make a comfortable go of it. Assuming my public pensions remain solvent past 2030??? It is one of my five streams of post employment income.
A graduated Capital gains ladder for gold huh? My Canadian tax laws would still levy a capital gains tax, if sold for cash. However, if I trade a gold coin for a automobile it is considered Barter or Trade so no capital gains, VAT or consumption taxes are levied. I could also borrow using my gold as collateral, it won't trigger a capital gain and I could write my interest off on the loan as a business expense.
View more
lolztoken.com
But I don't have thyme for that rubbish.
Credit: reddit
@kerrislravenhill, I sent you an $LOLZ on behalf of hive-103505
(1/10)
NEW: Join LOLZ's Daily Earn and Burn Contest and win $LOLZ