Long term investment in bitcoin: DCA via Wealthsimple and store on cold wallet > any tax event in the process?

Hello all,

I am considering buying Bitcoin to store for the long run (with a decades horizon). I have a premium account on Wealthsimple, which brings the cryptocurrency purchasing fees down to 1%. My goal is to buy bitcoin on Wealthsimple (non registered account), to do a light DCA (a few hundreds/thousands at most every 3-6 months), to transfer to a cold wallet along the way... and to forget about it.

If I'm correct, there shouldn't be any tax event in this process since I would only be transferring. Therefore, the only taxable moment would be in XX years when/if I actually sell my bitcoins, and my T5 would not be impacted in any way by this operation until then.

Is that correct? Is there anything I'm not seeing? On a side note, does this plan seem optimal/good enough to you or is there a better way to proceed for a Canadian resident?

Thanks and have a good day!

Thinking of moving to BTC and ETH ETFs

Since I don’t want to handle all the hassle of having to setup a crypto wallet and maintaining keys I was thinking about selling all my current crypto and instead move everything into BTC/ETH etfs and most likely I will be buying IBIT.

I still have a question, I am investing through IBKR what would happen in case either IBKR, BlackRock or BlackRock’s custodian (which is Coinbase) fail (I know the event of a failure of BlackRock and IBKR are minimal and would be catastrophic for the world)?

Are my crypto assets all safe when investing via ETFs? For what I know when investing in ETFs incase either BlackRock or IBKR go bust it’s not really a problem because the shares of the ETF as well the underlying shares are in my name and therefore even if they go bust I will get my shares back.

Side question: is there a valid ETH etf?

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