Leading crypto tax platform CoinLedger expands into Canada

CoinLedger, the leading tax reporting platform for DeFi, cryptocurrency, and NFT users, has officially entered Canada.Canadian crypto users and investors can use it to automate all of their income tax reporting, capital gains and losses under Canadian tax law, Coinjournal has learned from press release.

CoinLedger CEO and Co-Founder David Kemmeer said:

We are pleased to expand our complete suite of tax reporting tools to help Canadian cryptocurrency investors stay compliant with local laws. We are seeing huge demand not just here in the US, but from crypto consumers around the world who need help filing their tax returns. With this rollout, crypto tax compliance for the average Canadian will be as easy as a few clicks of a button.

No more tax nightmares

The interoperability of crypto and digital assets with transfers between various exchanges, wallets and blockchains can leave people facing a tax filing nightmare.

CoinLedger solves these problems by integrating directly with myriad cryptocurrency platforms, allowing all users to track crypto and other digital asset transactions across the ecosystem.

Import transactions automatically

Canadian users can import transactions on all crypto platforms. This happens automatically when you connect your wallet to her CoinLedger. Click the button to generate the required tax forms from here.

tightening regulations

Revenue agencies around the world are stepping up their efforts to strengthen digital asset tax compliance, and the Canadian Revenue Agency is no exception.

These initiatives include new Intel units, more tax audits, and compliance requirements for crypto exchanges.We expect these initiatives to become more prominent in the coming years as the digital asset industry grows. .