I want to devex 30k robux into CAD (Canadian Dollars) But since I am a minor, I don’t really know how it all works with the taxes and stuff. And I don’t think my parents would wanna do any tax things with the IRS since there is a big thing happening with Canada and the US and because of that they really don’t want anything to do with the US so I am just wondering how I would go about devexing the robux without having to do anything with the IRS or anything like that. I have no clue how any of these tax things work since I am a minor but I still want to devex so how would I go about doing that?
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Someone can correct me on this but I’m pretty sure it all depends on Canadian federal income tax rates. For example, in the UK you don’t pay tax unless your yearly income is above (I believe) £12,570.
Similarly for Canada, unless your yearly income is above 15k CAD, you don’t pay any federal tax so I wouldn’t worry about tax when devexing 30k Robux.
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Would I have to fill out any kind of forms? Because that’s probably what the biggest problem is since my dad wouldn’t want to put foreign income on his tax thing since it messes it up or something idk really but how would that work?
just your w8ben form or whatever, it just requires your SIN for tax and recording purposes. you don’t need to pay income tax on your income unless you make over the basic personal amount your province sets or you’re over 18
if you don’t have a SIN, you’d probably wanna go register for one at service canada, you’ll need one anyways for future purposes (bring identification)
btw it’s completely safe to use devex even with the tension between canada and the states, i still devex monthly.
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