>merchant Probably not. BUT if you were in the US and tried the same thing with an individual you could call it an expensive gift exchange and be good to go. Then depending on your state you would just have to pay registration/inspection fees. Unless of course you kept the vehicle on private property, then you don't pay shit.
Adam Howard
There is a law against almost every good idea when it comes to money, at least in the US.
Carson Carter
To answer the subject, in the U.S. its illegal, ask this guy
Yeah somebody on /biz/ showed me the story of the guy who got jailed by the irs.
But canada is actually really free compared to the usa.
we even have dog blowjobs.
Brandon Murphy
he would make a loss on the car even though he had new assets. I don't know how bartering works in account books.
Cameron Collins
Barter / non-cash transactions are valued at fair market value for the purposes of Canadian taxation.
So no.
Nathaniel Murphy
This; every time you swap pokemon cards you're supposed to report that to the IRS.
Logan Thompson
You have dog blowjobs?
What?
Dylan Johnson
True capitalism is dead, fucking government intervention leeching a cut at every opportunity to stick its fingers in others cookie jars because they say "well its a regulation"
ffs
Aaron Phillips
Gold coins ARE cash.
They're legal tender.
If i go to the grocery store and get 50$ of groceries they HAVE to accept my 1 oz gold coin.
Anthony Brooks
For face value of the coin, not the market value of the weight of the metal.
Which is why 1oz maple leaf silver rounds have a face of $5, it's a safe bet no one will be spending those for face value
mfw
Lincoln Sanders
Yes ok but if the guy just sells me the car for 1050$ on the books and I give him 1050$ worth FACE VALUE of gold coins.
we've both fucked the government over but we haven't really broken the law right?
Aaron Wright
>1 oz gold >$50 >1 oz $5
kek
Ryder Mitchell
The gold coin is 50$ of LEGAL TENDER
you still have to pay 1400$ for one
but it's legally worth 50$
HOW HAVE I NOT MADE THIS CLEAR IN THE THREAD
Gabriel Richardson
Face value is what they mint them at. Obviously, they sell on ebay for spot price + a few depending on year of mint and rarity of face design
Benjamin King
Sorry, I missed the part where they are technically legal tender.
There's a problem tho, given that the dealer is eventually going to need to liquidate the coins, at which point he would be subject to a taxable gain of some sort, unless they want/are able to sit on $30k worth of bullion.
Because of this, the person receiving the coins is disincentivized from participating in such a transaction, such that I doubt you'd be able to exercise much leverage, even if there are no other technicalities that make it off-side.
Adam Walker
Wow. What the fuck Canada. I mean, I don't want to be a dick but c'mon. That's a little fucked up.
Benjamin Richardson
I'm surprised Vice takes issue with dog blowjobs desu.
Jose Allen
but why would anyone pay $1400 for something that's only worth $50...
Jonathan Reed
Really?
Anthony Price
this is the problem with our legal system.
Some women got arrested for having her dog lick her pussy.
The judge let her off because she's a woman and the judge is a SJW cuck
but because we operate under english common law that means oral sex with dogs is now legal for everyone.
I hate liberals
Ryder Lewis
It's worth 50 bucks as it is but it's also worth it's weight in gold
Tyler Wood
>That's a little fucked up Just the tip of the iceberg here m8
In Ontario it costs you about $400 in fees before you can even begin to sell your car used, and the buyer has to pay tax on the used car, good times here
Kevin Roberts
No one forces you to make transactions traceable. You can pay for a car in chickens if you can find someone to accept that deal.
Robert Cook
Its only 13%! The royal dyke needs that to pay for the billion dollar factories she abandons
Ryan Campbell
>a thing is literally not listed as illegal >FUCKING SJWS WHY DIDNT THEY JAIL HER FOREVER no, it just was not illegal at the time. iirc, legislation has been pushed through to sew up that hole
Jeremiah Wright
>mandatory sellers package - $100 >must get safety check - $130 >must get emissions check - $50 >seller must pay tax on used vehicle you've already paid tax on i need outta here
Evan Cook
Wasn't her step-dad smearing peanut butter on his underage daughter and filming the family dog licking it off?
Chase Hernandez
I don't know how strict they are in Canada, but here anyway you could list $500 as what you sold the vehicle for and pay tax on that and no one would care.
Carter Bailey
In America if you try this, and the feds find out about it, you will go to jail or worse. Don't even try it.
I mean you can own gold as a personal asset. But don't be paying your employees gold, or buying cars with gold. The car dealer will rat you out the same day and you get a ticket to club fed.
Grayson Wood
If the merchant eventually turns the gold into actual currency he has to tax the difference of 50CAD and scrap value.
Aaron Murphy
time to get me a pupper
Evan Jackson
I was thinking about this myself with uk sovereigns though. They're basically £1 coins but in gold and a bit thinner
