/biz/ - Business & Finance

If you are selling over $30,000 of goods and services in Canada you must register to collect and remit GST/HST

Note that trading currencies, digital currencies, and securities are exempt from GST/HST registration, but importantly UTILITY TOKENS like LINK are considered to be "goods and services"

This means if you sell over $30,000 worth of LINK in a year you owe up to 15% GST/HST on your sales. If you're a swing linker and not making at least up to 15% profit on each swing you could easily owe more in tax then you currently have in LINK