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Bitcoin tax regulations are infuriating

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I was about to pay for a bitwarden premium subsciption and I noticed they had a bitcoin payment option. Just out of curiosity I looked up on the Canada Revenue site to see the implications of doing that.

Using Bitcoin to purchase goods or services: The value of the Bitcoin at the time of the transaction must be reported, and any gain or loss compared to the original purchase price must be calculated.

Well. You have just made it too much of a pain in the ass to use bitcoin legally. Way to turn magic internet money into something not worth using to pay for things. Government really ruins everything.

submitted by /u/Bubbly_Public5679
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