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Author Topic: It can't be this simple can It?  (Read 362 times)

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Offline PrinceGeorgeGoldGuy

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It can't be this simple can It?
« on: August 24, 2019, 11:31:30 AM »
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Offline White Dog

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Re: It can't be this simple can It?
« Reply #1 on: August 24, 2019, 04:47:15 PM »
dont get too exited.....that's in addirion to all the other taxes..... <-NO_>

Offline DoftheNorth

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Re: It can't be this simple can It?
« Reply #2 on: August 25, 2019, 10:36:00 AM »
dont get too exited.....that's in addirion to all the other taxes..... <-NO_>

As White dog said.

To the best of my knowledge that's just the provincial governments share, then they and  the feds will want more under the guise of "income tax" .  But keep in mind, and it's clearly stated, "you pay taxes on the total SALES of placer minerals". As long as you keep it in gold form  I'm pretty sure they get nothing.

Offline liquidsteel

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Re: It can't be this simple can It?
« Reply #3 on: August 25, 2019, 07:04:41 PM »
That 0.5 percent only applies for gold sales over 50k in a year. Just sell under 50k a year and keep the rest or sell for cash..

Offline mcbain

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Re: It can't be this simple can It?
« Reply #4 on: August 25, 2019, 08:06:06 PM »
Gotta love that.Only pay 0.05 on over 50000.00.Big boys love that.Do Not forget if tou are claiming a tax refund you got to have a income from your claim.You can only claim a loss for so long.Luck Mcbain.
I started out with nothing Istill have most of it.

 


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