This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
Crypto tax software programs make it easier to record your cryptocurrency transactions, track any capital gains or losses and report them to the Canadian Revenue Agency (CRA). To help you manage your tax obligations, we’ve compared a range of options to find the best crypto tax software programs in Canada.
Our selection of the best tax crypto software is updated by our editorial team throughout the year to reflect changes in the market.
“Top picks” are those we’ve evaluated to be best for certain product features or categories — you can read our full methodology here. If we show a “Promoted Pick”, this means it’s been chosen from among our commercial partners and is based on factors that include special features or offers, and the commission we receive.
Keep in mind that these picks are suggestions and that the crypto tax software that is best for you will depend on your individual needs. There may be other products on the market not included in our picks.
What is crypto tax software?
Crypto tax software helps you keep a record of crypto transactions and calculates the capital gain or loss when your crypto assets are sold, exchanged, given away or traded. This includes traditional crypto activity as well as DeFi transactions and NFT purchases, sales or transfers.
The best crypto software in Canada integrates with major exchanges and wallets, automatically importing transaction details when you trade. For exchanges that aren’t integrated, most platforms allow you to import data manually via CSV files.
Crypto tax software also prepares your transactions in a format suitable for CRA reporting. It calculates taxable gains and losses in line with Canadian crypto tax rules, including the adjusted cost base method and superficial loss adjustments. These platforms generate summaries and reports that you or your accountant can use to complete your tax return accurately, either manually on CRA forms or via integration with tax software like TurboTax, TaxCycle or UFile.
How to choose the best crypto tax software
It’s important to research a range of crypto tax software to compare the pros and cons of each option. The best crypto tax software for Canadians depends on your specific needs. To help, consider the following:
Price
Most crypto tax platforms offer tiered pricing plans that scale with the number of transactions, API integrations and advanced features like DeFi/NFT tracking. Thankfully, many platforms provide free accounts that let you import transactions and view basic portfolio data, but you typically need to pay to generate full tax reports, access advanced tools or get a higher transaction limit. Using a free account can help you determine which paid plan suits your trading volume and needs.
Data import options
Look for software that supports automatic imports via API from the exchanges, wallets and blockchains you use. If you’re interested in software that isn’t compatible with your crypto platform, check that you can manually import CSV data.
Calculators
Working out your tax liability is the bread and butter of good crypto tax software. In Canada, this means calculating gains and losses using the adjusted cost base method, as required by the CRA. The best platforms can automatically track all transactions, account for income from staking, lending or other activities and generate CRA-compliant reports, ensuring your capital gains and losses are calculated correctly.
Integration with the CRA
While no crypto tax software integrates with the CRA, platforms help reconcile your records with CRA requirements. This is particularly important with the upcoming Crypto-Asset Reporting Framework starting in 2027, which will require crypto-asset service providers to report user information and transaction data from 2026 onward directly to the CRA.
Security
Most platforms provide detailed information on their security features, like 256-bit encryption and employee vetting. Check out online customer reviews to see if the crypto tax software you’re considering has a good reputation. You can also search Google to see if a company has had any recent breaches or hacks.
Customer support
Many tax software companies offer 24-hour support and live chat. They also provide online guides and resources to help you understand more about how crypto tax works. If you need assistance filing your taxes, look for a platform that has in-house accountants, like TokenTax.
Professional suite
If you’re an accountant or tax professional, or work with one, look for crypto tax software that offers a professional suite. This helps tax advisors manage and collaborate with multiple clients and generate audit-ready reports, making tax reporting much easier.
Supported crypto activity
If you have a complex portfolio, be sure to check whether the software supports all the types of crypto activity you engage in. This includes DeFi transactions, staking rewards, liquidity mining, NFTs and margin or futures trades.
Why use crypto tax software?
Crypto tax software should help you simplify keeping records and submitting tax forms for your crypto investments. Here are some of the advantages of using crypto tax software:
Saves time. Most software automatically imports transactions from exchanges, wallets and blockchains, consolidating all your activity in one place.
Helps with complicated tax rules. Tax rules for crypto assets are complicated. Crypto tax software can help make sure you’re paying the right tax each year and don’t have any nasty surprises.
Generates tax forms. Most crypto tax software will help you complete your year-end tax forms so you don’t have to employ a specialist accountant.
Helps you manage your tax liability. By tracking all gains, losses and taxable events, crypto tax software ensures you pay only what you owe.
Stay compliant. Using dedicated crypto tax software helps you match your personal records with the data the CRA will receive in 2027 according to the Crypto-Asset Reporting Framework, making it easier to file accurate returns and avoid discrepancies or potential audits.
Compare crypto tax software
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Crypto tax software alternatives
Crypto-focused tax software might not be the best for every type of investor or trader. Beginners may be able to make use of standard tax software, while trained professionals can be helpful for heavy investors.
Chartered professional accountant (CPA). Chartered accountants versed in crypto can ease the process of filing taxes, though you may be required to share a file of your crypto transactions first. Look for a good track record of dealing with cryptocurrency investments.
Crypto tax lawyer. Similar to crypto CPAs, you can find tax lawyers who specialize in crypto tax law. A crypto legal professional can advise you on cryptocurrency holdings, take transactional data and reconcile taxes. But they can be expensive.
Standard tax software. Rather than purchase a crypto-focused package, you may be able to use market-leading providers like TurboTax that integrate cryptocurrency features — including one that you already use for your federal and provincial and/or territorial taxes.
File your own taxes. Individual investors and traders are free to complete their own tax forms. If you have a solid understanding of your crypto tax obligations and are willing to put in the time, this option could save you money. But you face stiff penalties for failing to accurately report your capital gains.
Methodology
We considered a wide range of factors before choosing the best crypto tax software for Canadian investors. When poring over each platform, we looked at:
Price. We compared crypto tax software plan prices and what you get for the money you pay. Not only did we search for the most affordable plans for different types of cryptocurrency investors and traders, but we also searched for those plans that offer the best value for money.
Number of supported exchanges. We considered the number of exchange, wallet, blockchain and coin-tracking service integrations each provider offers. This allows for easy importing of all your cryptocurrency transaction data using API keys or CSV files.
Ease of use. Next, we compared crypto tax software to find out how easy it is to use. From signing up to importing transaction data and generating tax reports, we looked for programs that simplify the process from start to finish.
Included tax forms and reports. The best crypto tax software is optimized for use with CRA tax rules.
Accountant access. Once you’ve generated your tax report, we inspected how easy it is to give your accountant access to your tax report and export your data to popular tax filing software.
Customer service. Finally, we also considered how you can get in touch with a software provider’s customer support team, what previous users have to say about the level of customer support and whether they also offer online help resources.
Bottom line
Using crypto tax software can help simplify keeping records of your crypto asset transactions. It will keep secure records of all your crypto transactions by integrating directly with your crypto trading platform.
It will also save you a headache at the end of the tax year when you need to fill in your tax return. That’s because you’ll be able to automatically fill in the required CRA forms. You can also rest easy that you’re complying with all the complicated rules on crypto tax.
Frequently asked questions about the best crypto tax software in Canada
You can use crypto tax software to keep track of all of your crypto transactions and produce your tax reports.
It's also good to manually track your crypto transactions so that you can alter the reports the software produces if some of your crypto transactions upload incorrectly.
Once you've done so, you may want to use crypto tax software to help you produce your tax reports, especially if you have over 100 transactions.
Most crypto tax software has free features, but many charge a fee if you want to produce tax reports.
For example, Koinly allows you to track up to 10,000 transactions for free, but charges you if you want to generate any tax reports.
Yes, you can. Consider using crypto tax software to support your recordkeeping and tax form generation to make sure you stay on the right side of the CRA. If in doubt, consult a tax professional for additional guidance.
An API, or application programming interface, allows crypto tax software to connect directly with exchanges, wallets or other platforms. This enables the crypto tax software to automatically import your transaction history. Most platforms support API connections with major exchanges and wallets, while less common platforms may require you to manually upload a comma-separated values (CSV) file.
Sources
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Rebecca Low is a writer for Finder. She has contributed to a range of digital publications, including income.ca, Indeed, and Expatden, writing on topics like personal finance, career development, and travel.
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Alexa Serrano Cruz is Deputy Editor at Forbes Advisor and was the lead editor at Finder, specializing in banking. As a personal finance expert, she helps Americans make informed decisions about their finances. Her expertise includes savings, budgeting, kids' banking, and more. Prior to joining Finder, Alexa worked as an editor in Miami and New York.
Alexa is a certified anti-money laundering specialist and her personal finance expertise has earned recognition from reputable publications such as Nasdaq, Best Company, U.S. News & World Report, MSN, Yahoo, and Valuewalk. Alexa has also made notable appearances on platforms such as Winnie Sun TV, money podcasts like LifeBlood, and broadcast news publications like Fox News and NBC News.
Alexa also served as an editor for ACAMS Today, a prominent publication dedicated to anti-financial crime detection and counter-terrorist financing.
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Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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