this post was submitted on 23 Aug 2024
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You don't pay... This is a solved problem, wealth gain/loss would work the same way as capital gain/loss
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/capital-losses-deductions/you-use-a-capital-loss.html
It feels like people that don't like this don't actually know how to whole system is supposed to work.
Canada?!