We work as a crypto tax accountants in Toronto, to ensure you’re complaint with the Canadian Revenue Agency (CRA). We also work with all Canadian or U.S. based cryptocurrency exchanges (e.g. Coinbase).
Whether you’re an active cryptocurrency trader in Toronto, use cryptocurrency to purchase goods & services, accept crypto payments, mine crypto, or you exchange crypto for fiat, you are liable for paying taxes.
Tax Compliance: Trying to navigate the complex world of cryptocurrency tax compliance and regulations.
Capital Gains Tax: Understanding how to minimize capital gains tax around cryptocurrencies.
Reconciling Transactions: Record-keeping your daily profits and losses from all your wallets and platforms.
International Tax Regulations: Every country has their own tax rules which makes compliance difficult.
We’re active in the crypto industry, and so we understand the implications around crypto tax, capital gains, and managing your transactions to keep your books organized.
Tax Software: Using software you can track your transaction history and tax reporting’s.
Advisory: We offer tax consulting and advisory for cryptocurrency traders.
Minimizing Liability: We’ll help you minimize capital gains tax through various strategies.
Country Tax: We’ll help you understand the different tax rules internationally, as a way of minimizing taxes.
There are many tax accounting firms to choose from, below you will see how we stack up against them.
We understand the world of crypto, NFTs, block chain and mining, as we are active in the world of crypto as well. This is what makes us a great partner.
We’ll develop a personalized tax strategy for you
We’ll integrate with your trading platforms
Strategic financial and market advisory
Most accountants don’t understand the complex world of crypto which makes it hard to provide good quality tax accounting service.
Inexperienced with the world of day trading
Lack of understanding with tech integrations
Lack of experience with day trading tax rules
We work with a variety of different companies when it comes to crypto: NFT’s, mining, blockchain, traders and more.
If you’re a day trader who buys/sells stocks, options, futures, options, crypto or commodities within a 24-hour period, and want to minimize taxes and manage your trades, this is for you.
We work with individuals and companies who use NFT’s (non-fungible tokens) who use this digital asset as an investment strategy, and who trade it for monetary or other assets.
If you mine cryptocurrency we can help you with financial reporting, and lowering your crypto taxes when it comes time to pay the CRA/IRS. This includes tax reporting, deductions and more.
With our accounting we can help you navigate the complex world of web3 which includes smart contract revenue tracking, on-chain reconciliation, and maximizing tax compliance and deductions.
If you’re leveraging blockchain technology within your company, we will ensure that all crypto transactions are recorded, and all capital gains taxes are paid and minimized during filling.
If you’re looking for tax & legal services where you need to meet compliant with regulations, we can help. We can help with token issuance, cross-border transactions, CRA/IRS tax compliance and more.
Below you will find our step-by-step process if you decide to work with us.
Step 1 – Free Consultation: We will first begin understanding your current crypto record-keeping and tax situation.
Step 2 – Software Setup: We will setup any accounts, and integrate your crypto platforms to track your transactions.
Step 3 – Tax Strategy: We’ll help you minimize your crypto taxes and capital gains by developing a tax planning strategy.
Step 4 – On-Going: If you’re looking for a full-service accounting partner, we can be your dedicated crypto accounting partner.
– Dilan Ropero, Crypto Tax Specialist
We leverage technology such as QuickBooks, Xero, and specific crypto software’s like Cryptio, SoftLedger, and Koinly.
If you are interested in learning how to lower your capital gains taxes when it comes to crypto trading, mining, etc, then we can help you today.
Relocating to a tax-friendly country: By re-locating to a country that is in favor of crypto such as El Salvador, UAE or Singapore, you can lower how much you pay in transactions.
Focus on long-term vs. short-term: By thinking more long-term when it comes to certain cryptocurrency transactions like with Bitcoin you can lower how much you pay.
Crypto Tax Specialist
“I’ll be your main point of contact for crypto tax accounting.”
Managing Director
“We’ll help you with all your crypto tax accounting needs.”
We have been operating for 10+ years helping a wide variety of clients, and our Senior Accountant, Dilan Ropero, has a Masters in Blockchain & Crypto technology, as well as accounting.
If you’re interested in our crypto accounting as a service, we can fully customize a pricing package for you depending on your needs. We suggest you schedule a demo with us to get a final price.
The standard software’s we support are QuickBooks, Xero, FreshBooks, and Wave.
Specific crypto software’s include Cointracker, SoftLedger, and Koinly.
If you are looking for us to manage another crypto accounting software let us know and we’ll be able to help.
If you’re a casual trader you may not need an accountant who is specialized in crypto, however if you’re dealing with more complex situations then it might be in your best interest.
There are several ways to lower your crypto taxes, and below we’ve listed just a few:
If you would like to learn how we can lower your taxes, connect with us today.
Just like any other transaction, the CRA is able to track all your cryptocurrency transactions which are all viewable in the blockchain.
– Danny Khanna, Managing Partner