February 25, 2022 | North iQ Newsletter

North iQ Weekly Newsletter is curated to provide insights on digital asset industry developments, market announcements, and performance analysis.

The Role of Digital Assets in RRSP Season

  • Investors are increasingly relying on ETF products to gain exposure to certain asset classes, such as digital assets.

  • IFIC reported that ETF net sales in January rose to $5.1 billion CAD from just over $4 billion CAD last year. (Source: Advisor’s Edge, February 22, 2022.)

  • The deadline for contributing to an RRSP for the 2021 tax year is on March 1, 2022. (Source: Government of Canada)

  • 3iQ’s bitcoin and ether ETFs, TSX:BTCQ and TSX:ETHQ, are eligible for RRSPs and other Canadian registered accounts such as TFSAs.
  • 3iQ launched North America’s first major-exchange listed bitcoin fund back in April 2020 with the Bitcoin Fund (TSX: QBTC) originally pioneered enabling the ability for public investors to gain exposure to digital assets inside Canadian registered accounts back in May 2020 with The Bitcoin Fund (TSX:QBTC).
  • Cryptocurrency earnings are treated as a capital gain or business income, which means that you will have to pay capital gains tax or income tax. (Source: BNN Bloomberg, February 17, 2022)

  • 3iQ’s Bitcoin and Ether ETFs could simplify an investor’s tax reporting process, as gains and losses are consolidated into the brokerage accounts in which they are held.


  • As risk-assets with historically high return profiles, bitcoin and ether gains which are solidified inside tax-exempt accounts could help shield investors come tax season.

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Disclaimer

This Weekly Cryptoasset Newsletter is for informational purposes only and does not constitute, either explicitly or implicitly, any provision of services or products by 3iQ Corp (“3iQ”). Investors should determine for themselves whether a particular service or product is suitable for their investment needs or should seek such professional advice for their particular situation.3iQ Corp. makes no representation or warranty to any investor regarding the legality of any investment, the income or tax consequences, or the suitability of an investment for such investor. All content is original and has been researched and produced by 3iQ unless otherwise stated therein. No part of the content may be reproduced in any form, or referred to in any other publication, without the express written permission of 3iQ. All statements made regarding companies, securities or other financial information contained in the content or articles relating to 3iQ are strictly beliefs and points of view held by 3iQ and are not endorsements of any company or security or recommendations to buy or sell any security. No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. By visiting and/or otherwise using the 3iQ website in any way, you indicate that you understand and accept the terms of use as set forth on the website and agree to be bound by them. If you do not agree to the terms of use of the website, please do no access the website or any pages thereof. Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with 3iQ with respect to any linked site or its sponsor, unless expressly stated by 3iQ. Any such information, products or sites have not necessarily been reviewed by 3iQ and are provided or maintained by third parties over whom 3iQ exercises no control. 3iQ expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites. The information contained herein, while obtained from sources believed to be reliable, is not guaranteed as to its accuracy or completeness and confers no right on purchasers. Past performance of cryptoassets is not indicative of future performance and should not be used to forecast any return that an investor may realize.

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This website page is prepared and issued by 3iQ Corp (ARBN 655771010) (3iQ), a Corporate Authorized Representative (No. 001296524) of Perpetual Corporate Trust Limited (ACN 000 341 533) AFSL 392673. This website page provides general information only and is not intended to provide you with financial advice, and has been prepared without taking into account your objectives, financial situation or needs. You should consider the product disclosure statement (PDS) and target market determination (TMD), available at www.3iq-au.com , prior to making any investment decisions. If you require financial advice that takes into account your personal objectives, financial situation or needs, you should consult your licenced or authorised financial advisor. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. Neither 3iQ or Perptual guarantees repayment of capital or any particular rate of return from the Funds. Past performance is not indicative of future performance.

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Fred Pye

Frederick T. Pye

CHAIRMAN, CHIEF EXECUTIVE OFFICER & DIRECTOR

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Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.