CoinLedger, a leading cryptocurrency tax platform, enters Canada

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Last Updated on August 11, 2022 by Bitfinsider

Commonly known as a significant tax reporting platform for DeFi, cryptocurrency, and NFT users, CoinLedger has formally entered the Canadian market. Under Canadian tax rules, cryptocurrency users and investors in Canada can use it to automate all of their income tax reporting, capital gains, and losses.

David Kemmeer, the co-founder and CEO of CoinLedger, said: “We’re delighted to be expanding our full tax reporting tool suite to help Canadian cryptocurrency investors stay compliant with local laws. We are witnessing huge demand not just here in the US but from crypto consumers worldwide who need help with tax reporting. With this rollout, crypto tax compliance for the average Canadian will be as simple as a few button clicks.”

People may experience tax reporting nightmares as a result of the interoperability of cryptocurrencies and digital assets, which allows transactions across various exchanges, wallets, and blockchains.

These problems are resolved by CoinLedger by allowing all users to follow their bitcoin and other digital asset transactions throughout the ecosystem through direct integration with a wide range of cryptocurrency platforms.

Users from Canada can import transactions from any cryptocurrency platform. When people connect their wallets to CoinLedger, this will take place automatically. They can use this to generate the necessary tax forms by clicking a button.

The Canadian Revenue Agency is one of many revenue agencies throughout the world stepping up their efforts to enforce compliance with digital asset tax laws.

New intelligence teams, additional tax audits, and compliance guidelines for cryptocurrency exchanges are some of the initiatives being made. These projects are anticipated to gain more traction in the years to come as a result of the expansion of the digital asset sector.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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