We specialize in preparing cryptocurrency tax returns. We review and inspect the Crypto Proceeds of Disposition, Adjusted Cost Base (ACB) and Crypto Exchange Fees to ensure it's completely accurate before E-Filing your tax returns.
There are two ways of calculating Crypto Taxes, Business Income and Capital gain. To help distinguish between the two, go through the following;
- Business Income:
- Cryptocurrency trading ( Buying / selling Crypto Frequently)
- Holding for a short period of time
- Cryptocurrency Mining / Intention to make a profit
- Capital Gain:
- Holding for investment purposes
We represent our clients with the CRA to manage their tax matters and to update them with the latest information in their CRA file.