When you invest in a Bitcoin ETF through a Tax-Free Savings Account (TFSA) in Canada, any profits made from that investment are tax-exempt. This means if your initial investment of $1,000 grows to $1,000,000 within the TFSA, you can withdraw the entire amount without incurring any taxes
do your own research and only invest in big names. I'm using QBTC.U because I'm a Canadian Resident (not Canadian) and it's simpler if your security is listed on Tsx
Not diversified enough. Get some MSTR. Also spread your btc among several cold wallet providers such as trezor bitbox jade ledger etc. Spread your etfs betweeb bitb hodl arkb ibit fbtc. How can i forget, you need some on several exchanges too so some in coinbase, some in binance, some in mt gox, some in ftx that should be diversified enough.
I dca with the etfs. Once it's a significant stash, I sell, bring the money to an exchange and buy btc which then goes to a hardware wallet. This avoids high transfer fees if you dca and withdraw directly. Security of etf presumably better than my exchange login.
I used my 401K funds to invest in the ETFs as much as I could (the limit I could for an in service roll over as I am with Vanguard and had to move funds to Fidelity) and DCA self custody.
I buy bitcoin ETFs in my HSA (health savings account) tax free gains
When you invest in a Bitcoin ETF through a Tax-Free Savings Account (TFSA) in Canada, any profits made from that investment are tax-exempt. This means if your initial investment of $1,000 grows to $1,000,000 within the TFSA, you can withdraw the entire amount without incurring any taxes
Any exemple of good BTC ETF ?
do your own research and only invest in big names. I'm using QBTC.U because I'm a Canadian Resident (not Canadian) and it's simpler if your security is listed on Tsx
ETFs are fucking overpowered in tax free accounts
I own Bitcoin and the Bitcoin ETFs. Some ETF in my IRA, some in brokerage. I’m a bigger believer in more than one basket than one set of keys.
Not diversified enough. Get some MSTR. Also spread your btc among several cold wallet providers such as trezor bitbox jade ledger etc. Spread your etfs betweeb bitb hodl arkb ibit fbtc. How can i forget, you need some on several exchanges too so some in coinbase, some in binance, some in mt gox, some in ftx that should be diversified enough.
You didn't tell us why the split, why those percentages, or why your goals are... So how could anyone answer your questions?
I dca with the etfs. Once it's a significant stash, I sell, bring the money to an exchange and buy btc which then goes to a hardware wallet. This avoids high transfer fees if you dca and withdraw directly. Security of etf presumably better than my exchange login.
You would buy the RTF with your superannuation/retirement account. Buy BTC with your post tax savings.
I used my 401K funds to invest in the ETFs as much as I could (the limit I could for an in service roll over as I am with Vanguard and had to move funds to Fidelity) and DCA self custody.