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Newfieboy64
  4/13/2021 15:58 EST

I am about to become incredibly wealthy in Cryptocurrency and figure I need to bug out of Canada before they get their filthy minds on Capital Gains Taxes and the like.
Does the QRP allow for casual musicians or busking?

Newfieboy64

gamelin
  4/19/2021 23:12 EST

Congratulations on your newfound financial security. Unfortunately you will still need to pay taxes on it :(

As a Canadian, you still need to pay taxes on your worldwide income, unless you are assessed as a non-resident. And CRA is the entity that will make that determination.

Second possible issue: I hope you're not holding your crypto in Crypto.com. If so, transfer it before you get to Belize. Belize is an "unsupported country" and the Crypto.com app won't work in Belize, at least not for withdrawing your crypto. Will VPN fix that? I don't know... but I'm being told that I need to go to a "supported country" for the app to work.

If your crypto is not with Crypto.com, check your crypto wallet to see if it has similar restrictions. Otherwise, a side trip to Mexico may be in order!

Good luck!

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