How else does the place stay running? It's

a good question because I think a lot of people just go, oh, yeah, Joy just kind of runs and gets community support.

So we run mainly through two major channels.

So one is the sponsorship, you know, the ads that you hear throughout.

Obviously, that's what we sell that airtime to organizations and businesses that support and believe in our community and want to connect with our community.

Then there's the other side of memberships and donations.

That's a big chunk.

Tell us briefly about that and where the focus is, you know, for the next, at least for the next couple of years.

One of the things that I find really overwhelming when it comes to thinking about taxes is timing, like which tax year should you do it? How do you offset this versus that? How do you try and minimize income in certain years so you don't exceed the threshold on whatever, whatever? What are some timing considerations that someone who's got that one windfall might wanna think about such that they don't extract that value and take that gain or loss all in the same year? Does that matter?

It can, and it's a good question.

If somebody has a low or a modest income, and they have a big capital gain in a given year, they could have a lot more tax than if they split it over two years.

If somebody has got a relatively high income, a high salary, a high pension, whatever the case may be to begin with, it may not make a difference.

If you're in the top tax bracket in one year versus another, I mean, maybe you've got to pay this year's tax a year earlier, but there may not be an overall tax savings.

I think people need to be careful as well.

If you were to try to split a profit on crypto or a stock or whatever the case may be over two or three years, You've got investment risk.

What broad wisdom would you have or questions would you ask for a client about how much is too much in terms of my asset allocation in crypto?

Can you talk a bit more about some ways people are earning money, like mining? I, I mean, I know this is a thing, but I don't even know how you would account, how, how you would account for the profits you make by mining.

mining.Yeah, it's a good question, and I have seen very few instances of reporting in real life.

But I know that, uh, some of the, the crypto exchanges are depending on where you hold the, the crypto, you may get a report or a summary that you then need to turn in to, you know, what are, what are my... what, what is my income that has been generated from these, uh, activities? And again, often that may be considered, um, business income.

Same thing if you are, um, moving in and out of cryptocurrency on a regular basis.

You're doing sort of what might be considered day trading, frequent transactions.

You're very knowledgeable and trying to earn a, a quick profit.

That might be something that the CRA considers business income.

Like, which tax year should you do it? How do you offset this versus that? How do you try and minimize income in certain years so you don't, uh, exceed the threshold on, you know, whatever, whatever? What are some timing considerations that someone who's got that one windfall might wanna think about so- such that they don't extract that value and take that gain or loss all in the same year? Does that matter?