Crypto Taxes done in under 10 Minutes

KoinX is a global crypto tax and accounting platform used by over 1.5 million investors across 100+ countries. It connects to your exchanges and wallets, imports your full transaction history automatically, and generates tax-compliant reports. Whether you trade on centralized exchanges or use DeFi protocols, it calculates your liability and prepares reports ready for filing.

Yes, KoinX is certified under ISO 27001:2022 and SOC 2 Type II, with full GDPR compliance. It connects to exchanges using read-only API access, so it never touches your funds or stores private keys. All data is protected with AES-256 encryption at rest and TLS in transit, keeping your financial information secure at every stage.

KoinX supports 800+ exchange, wallet, and blockchain integrations. You can connect platforms widely used in Canada including Coinbase, Kraken, Binance, Newton, and Bitget, alongside hardware wallets and DeFi protocols. Accounts sync via API or CSV import, and all transactions are automatically consolidated and labeled in one dashboard for accurate tax calculations.

Yes. KoinX generates a Complete Tax Report structured specifically for Canadian users under CRA rules. It includes a capital gains summary calculated using the Adjusted Cost Base method, derivatives income, crypto income from staking and airdrops, beginning and end of year balances, and transaction-level records, all formatted for T1 filing.

KoinX automatically applies the Adjusted Cost Base method required by the CRA. It tracks the total cost of all purchases of a crypto asset, calculates the average cost per unit, and updates the ACB each time you acquire more of the same asset. This ensures capital gains are calculated correctly on every disposal.

Yes. The KoinX Canada Complete Tax Report separates your activity into distinct sections. Capital gains from spot trades appear separately from derivatives income such as futures and options. Income from staking, airdrops, mining, and crypto salary is reported in its own section, giving your accountant a structured breakdown for T1 filing.

Yes. Once generated, you can download the Complete Tax Report in PDF or Excel format and share it directly with your accountant. It includes capital gains calculated using the ACB method, a crypto income summary, derivatives income, and full transaction-level records, everything needed to complete your T1 return accurately.

Yes. KoinX builds Canada-specific tax logic directly into its calculation engine. It treats every crypto-to-crypto trade as a taxable disposition, applies the Adjusted Cost Base method for cost basis, and correctly classifies staking rewards, airdrops, and mining income. All generated reports are structured to support Schedule 3 capital gains reporting and your T1 return.

The CRA treats cryptocurrency as a commodity, not legal tender, placing it under the Income Tax Act alongside stocks and other property. So, buying crypto with Canadian dollars is not a taxable event. Selling, trading, spending, or earning crypto creates a tax obligation, classified as either capital gains or business income depending on the nature of your activity.

Only 50% of your crypto capital gains are included in taxable income in Canada. This taxable portion is added to your total income and taxed at your applicable federal and provincial rates. There is no flat crypto tax rate, the amount you owe depends on your income bracket and the province where you reside.

The CRA bases its classification on the frequency, scale, and commercial intent of your activity. Occasional investing is generally treated as capital gains, where only 50% of the profit is taxable. Frequent or profit-driven trading that resembles a business operation is taxed as business income, where 100% of the profit is fully included in taxable income.

No. Crypto capital losses in Canada can only offset capital gains, not employment income or other sources. The same 50% inclusion rule applies to losses as it does to gains. If your losses exceed your gains in a given year, the unused portion can be carried back three years or carried forward indefinitely.

Yes. If the total cost of your foreign crypto holdings exceeded CAD 100,000 at any point during the tax year, you are required to file Form T1135, the Foreign Income Verification Statement. Failure to disclose can result in significant penalties. Starting 2027, CARF reporting will give the CRA direct visibility into offshore crypto accounts.

The superficial loss rule prevents you from claiming a capital loss if you, or an affiliated person, repurchases the same crypto asset within 30 days before or after the sale and still holds it at the end of that period. The disallowed loss is added to the cost base of the repurchased asset instead.