Crypto Taxes

If you earn or receive cryptocurrency from mining, airdrops, or as a payment, tax requirements can be confusing. The good news is, the ImpoTax Pro team can help you track and report on these transactions, and

  • Save you the pain of preparing your crypto taxes in a few easy steps.

  • Perform tax calculations with a high degree of accuracy. We carefully consider complex tax scenarios such as DeFi loans, DEX transactions, gas fees, leveraged trading, and staking rewards.

  • Support the CRA reporting requirements, including Canadian specific rules around mining, staking, and airdrops. We also support the CRA ACB & Superficial Loss wash sale rules.

  • Determine whether you are carrying on a business of trading cryptocurrency or simply trading crypto assets regularly, and the tax consequences that go along with each scenario.

  • Figure-out whether you can account for different parcels of crypto under the first-in first-out (FIFO) of last-in last-out (LIFO) methods.