Crypto.com Launches Tax Product for Canadians

Crypto.com has announced the launch of a free service that will make filing cryptocurrency taxes in Canada easier.

According to the company, its new service “makes it easy to file complicated crypto taxes.” Users can import transactions from supported exchanges, and the platform will generate accurate tax reports in a matter of minutes.

“This 100% free-of-charge service enables users to quickly generate accurate and organized crypto tax reports, including transaction history and records of capital gains and losses,” the company said.

Crypto.com said it cooperated with experts to develop the product. “We worked with professional tax advisers to ensure that the calculation logic is consistent with available guidance and laws for filing crypto taxes in Canada.”

The service can be accessed at this page.

Crypto.com says that the service will also be available in other countries and regions in the future.

It has also pursued other partnerships in the past. In March 2020, it introduced tax prep services via a partnership with CoinTracker, CryptoTrader.Tax, and TokenTax. That means users can export their Crypto.com wallet balance to those tax services.

Furthermore, Crypto.com partnered with Cointracking.info last November. That partnership allowed users to pay for the tax service with Bitcoin and other cryptocurrencies.

In addition to its various tax services, Crypto.com offers an exchange, wallet, credit card and other features to cryptocurrency investors.

Disclaimer: The author held BTC, ETH, and DOT at the time of press. Crypto.com is a sponsor of Cryptobriefing.com.