Tax and Accounting for Crypto Investors

We take care of all your crypto tax obligations

Crypto Currencies are a taxable commodity and must be disclosed on your tax return. At Cryptoledgerz , we help you understand your options so you can stop worrying about the Revenue Agency

How We Help

Crypto Assessment

We determine how to report your crypto currency gains or losses, while helping you minimize your tax obligation from crypto currency trading activity.

Accounting Services

We take care of all your filing obligations and act as your representative with any issues or communication from the Revenue Agency.

Tax Planning

We help you understand your crypto currency investments in a holistic context and can provide you and your family with tax optimization strategies to protect your investment in the long run.

Stop worrying about the Revenue Agency and speak to a crypto tax advisor today

The Facts

Crypto currency tax reporting is changing...

As crypto currencies become increasingly accepted by the mass market, government bodies will (and have already started) implementing auditing procedures to control this new asset class and to make sure that investors are fulfilling their tax obligations.

Crypto currency is currently treated as a commodity and not a currency by the Revenue Agency. This adds a level of complexity to the tax preparation of crypto currency.

(read the Revenue Agency policy here…)

The fact is your crypto currency investment may be subject to gains and losses in the eyes of the Revenue Agency. We help you understand your options and make the most optimal investment decisions.

We’re here to help.

Our Approach

Let's talk. Book a call for a good-fit consultation.

We take the time to assess your portfolio and perform an in-depth situational analysis.

We create a customized tax optimization plan for you and your family.

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Our Services

Strategy Call

Discuss your tax situation with a CPA and get clarity and a path forward for your investment

Crypto Clean Up

We’ll help gather the necessary data, figure out how to treat your crypto activity for tax, get you caught us with crypto tax reporting for past and current years, and set you up to keep proper track of your crypto activity going forward.

Crypto Protection

Accounting -we will keep up to date, secure information so you can access it when you need it

Tax compliance – we keep track of your activity and make sure you comply with the Revenue Agency.

Tax strategy – we’ll optimize your taxes for maximum returns

Tax defense – we’ll review your crypto records and find ways to improve its auditability and deal with the Revenue Agency directly should a dispute arise

Advisory– Get unlimited access to a CPA for all your tax questions. Plus monthly strategy sessions

Tax filings– your annual personal tax returns, including crypto reporting.

Our Favorite Tools

WE ARE HAPPY TO DISCUSS SPECIAL PROJECTS OUTSIDE THE SCOPE OF OUR LISTED SERVICES.

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FAQ

What if I choose not to report my cryptocurrency gains?

Failure to disclose crypto currency gains to the CRA can result in fines and in some cases imprisonment.

Can I be fined by the CRA for unreported cryptocurrency gains?

Failure to disclose crypto currency gainsaYes. Because crypto currencies are treated as a form of property (similar to stocks) any gains or losses must be reported to the Canadian Revenue Agency. to the CRA can result in fines and in some cases imprisonment.

Are cryptocurrencies taxable in Canada?

Yes. Crypto Currencies are a taxable commodity in Canada.

The Canadian Revenue Agency treats crypto currency as a commodity not a currency. As a result its gains and losses must be reported as either capital gains or business income on your tax return.

When do I have to pay tax on my crypto?