Simplify Your CRA Crypto Tax Filing with Tax My Crypto
Easily file your CRA crypto taxes with accuracy and expert support from Tax My Crypto.
Canadian Crypto Tax Reporting Services
Understanding Canadian cryptocurrency tax regulations can be complex. At Tax My Crypto, we provide accurate and CRA-compliant crypto tax reports, ensuring you meet your tax obligations for capital gains, staking rewards, mining income, and NFT sales. Whether you’re a casual investor, active trader, or involved in DeFi, our services help you accurately report your crypto taxes and stay compliant with the Canada Revenue Agency (CRA).
To streamline the process, we integrate with leading crypto tax software such as Koinly, CoinLedger, and Coinpanda. These tools allow us to import, review, categorize, and generate detailed tax reports for submission to the CRA.
Why Choose Tax My Crypto?
Tax My Crypto offers expert crypto tax reporting with accuracy, compliance, and strategic tax savings. Ensure hassle-free filing and maximize your benefits with our dedicated team of professionals.
CRA-Compliant Crypto Tax Reports
Our reports adhere to Canadian tax laws, covering capital gains, business income, and foreign asset reporting obligations.
Expert Review & Categorization
We review and categorize every transaction to ensure accurate tax calculations.
Secure & Confidential
We prioritize data security and encryption to protect your sensitive information.
Seamless Integration with Crypto Tax Software
We work with Koinly, CoinLedger, and Coinpanda for automated data import and tax reporting.
CRA Audit Support
If audited, we provide detailed transaction reports and capital gains summaries to support your tax filing.
Flexible Filing Options
Our reports allow you to file your tax return yourself or provide them to your accountant or tax advisor for professional assistance.
Our Services
1. Canadian Crypto Tax Reports
- Capital Gains Tax Calculation: We calculate crypto gains and losses based on Canadian tax rates, ensuring accurate reporting.
- Crypto Business Income Reporting: If you mine, stake, or trade frequently, we ensure your income is reported correctly under CRA guidelines.
- Foreign Asset Reporting (T1135 Compliance): If your crypto holdings exceed CAD 100,000, we assist with T1135 reporting.
- CRA Tax Report Generation: We generate CRA-compliant reports, including capital gains summaries, income statements, and foreign asset reports.
2. Integration with Canadian Crypto Tax Software
- We integrate with Koinly, CoinLedger, and Coinpanda, making it easy to connect exchanges and wallets, import data, and generate tax reports.
3. CRA Audit Support & Tax Compliance Assistance
- If the CRA audits your crypto transactions, we provide detailed tax reports to support your filing and ensure compliance.
How It Works – CRA Crypto Tax Filing Process
Step 1: Import Your Crypto Transactions
Connect your crypto wallets, exchanges, and DeFi platforms using crypto tax software like Koinly for automated transaction imports.
- Connect your crypto wallets, exchanges, and DeFi platforms using crypto tax software like Koinly for automated transaction imports.
- If API syncing isn’t available, export your transaction history as CSV files and import them manually.
Step 2: Review & Categorize Transactions
We review all imported transactions, categorising capital disposals, crypto income, and non-taxable transactions for accurate HMRC tax treatment.
- Our experts review and categorize all transactions, distinguishing capital gains, business income, and non-taxable transactions.
- Ensure staking, mining, NFT sales, and DeFi transactions are classified correctly for Canadian tax purposes.
Step 3: Generate HMRC Crypto Tax Reports
Using Koinly or similar software, we generate:
- Capital Gains Tax Report – A detailed breakdown of crypto disposals, gains, and losses, including applicable tax rates.
- Crypto Business Income Report – Summarizes staking rewards, airdrops, mining income, and NFT earnings.
- Foreign Asset Report (T1135) – If applicable, we prepare reports for offshore crypto holdings.
Step 4: Use Your Tax Reports for Filing
Easily file your crypto tax return with accuracy and expert guidance.
- File your tax return yourself using our CRA-compliant reports.
- Provide the reports to your accountant or tax advisor for professional filing assistance.
- Keep the reports for your records to ensure compliance and easy reference for future tax filings.
FAQs – Canadian Crypto Tax Reporting & Compliance
Yes. The Canada Revenue Agency (CRA) treats crypto as property, subject to capital gains tax or business income tax.
✔️ Selling crypto for CAD or fiat currency
✔️ Swapping one cryptocurrency for another (e.g., BTC to ETH)
✔️ Using crypto to pay for goods/services
✔️ Earning crypto from mining, staking, NFTs, and airdrops
✔️ Receiving salaries in crypto
✔️ Buying and holding crypto (until sold or traded)
✔️ Transferring crypto between your own wallets
✔️ Staking rewards and mining income may be taxed as business income or capital gains, depending on the activity level.
✔️ The exact rate depends on total annual earnings.
Yes. If your total crypto holdings exceed CAD 100,000, you must report them on Form T1135 (Foreign Income Verification Statement).
Yes, crypto losses can be deducted from capital gains and carried forward for future tax years.
Failure to report crypto taxes can result in fines, penalties, and CRA audits.
NFT sales and royalties are subject to Capital Gains Tax or Business Income Tax, depending on whether you trade NFTs as a business or an individual.
✅ Step 1: Connect exchanges & wallets to Koinly or CoinLedger.
✅ Step 2: We review and categorize transactions.
✅ Step 3: Generate CRA-compliant tax reports.
✅ Step 4: File your tax return yourself or provide the reports to your accountant.
Yes, you can claim crypto losses to offset capital gains and reduce your taxable income, potentially lowering your tax bill.
Stay CRA-Compliant with Tax My Crypto
Contact us today and simplify your Canadian crypto tax filing with Tax My Crypto