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.