Saltoback
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Posts posted by Saltoback
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The country code can indeed be a bit puzzling, especially with online wallets. For exchanges like Binance, it's generally the headquarters' country that matters. If you're unsure, you can use "Other" and provide additional context if needed.
Your approach of a single entry with "Other property outside of Canada" and "Cryptocurrency" sounds reasonable. Just make sure to keep detailed records in case you need to provide further information.
If you're heavily involved in crypto, you might consider exploring a crypto mixer tool. It can help enhance privacy and security in the crypto world. -
For the costs related to computers and software, it's typically considered a capital expense. Capital expenses are costs that benefit your business over an extended period. You might want to consult with an accountant or tax professional to ensure you're categorizing these expenses correctly.Since you mentioned running a small business from your house, you might also explore tools like Telegram CRM to help manage your business interactions efficiently. It can be a valuable addition to your business toolkit.I hope this helps you get things sorted out correctly. Best of luck with your small business endeavors!
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It's been a very long time, bur that's a good question. I wonder myself
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That error message usually means that some other program is currently using the file, which is preventing you from saving it.
Change of Principle Residence to a Rental Property
in Reporting income
Posted
Switching your old pad to a rental sounds like a smart move. Tax stuff can be a bit confusing, but usually, you'd report it under the "Change in Use of Property" section. It's kinda like filling out the same form but with a different twist.
I remember when I went through a similar situation a while back. It felt like navigating a maze at first, but once I got the hang of it, it wasn't too bad. Just make sure to keep all your documents in order, and you should be good to go!
And hey, if you're into eco-villas, check out this link: https://sandytimes.ae/articles/205/the-new-era-of-real-estate-stunning-eco-villas. I've been eyeing some dubai real estate companies – thinking of making moves to the UAE myself.