Cryptocurrency Tax Reporting and Planning in Toronto & across Ontario
Accurate Cryptocurrency Tax Reporting & Strategic Planning for Investors and Traders
1000+
Satisfied Clients & Partners
AFFORDABLE Cryptocurrency Tax Reporting and Planning
Managing cryptocurrency taxes can be complex, especially with constantly changing regulations. Our affordable cryptocurrency tax reporting services help investors and traders stay compliant with the Canada Revenue Agency (CRA) while maximizing deductions. Whether you’re trading Bitcoin, Ethereum, or other digital assets, we ensure accurate reporting of all transactions, including income, capital gains, and losses. With Gondaliya CPA, you can simplify your crypto tax obligations and avoid costly mistakes.
Beyond reporting, we offer strategic cryptocurrency tax planning tailored to your investment goals. From minimizing tax liability on crypto gains to planning for future transactions, our expert team provides actionable advice for both casual and active traders. With our cost-effective solutions, you get professional guidance without breaking the bank, ensuring your cryptocurrency investments are managed efficiently and responsibly.
Official Partner
Accounting That Understands Cryptocurrency
At Gondaliya CPA, we specialize in accounting for cryptocurrency investors and traders, offering expert guidance on tax reporting, compliance, and planning. Our team understands the unique challenges of digital assets, from tracking transactions across multiple wallets and exchanges to calculating gains and losses accurately. With our crypto-focused accounting services, you can stay compliant, optimize your tax strategy, and make informed financial decisions with confidence.
Crypto Tax Reporting
Accurate reporting of all digital asset transactions for peace of mind.
Multi-Exchange Reconciliation
Simplify payroll for hygienists and associates with expert solutions.
Compliance & Audit-Ready
Ensure your crypto taxes follow CRA/IRS rules, minimizing audit risk.
Strategic Tax Planning
Proactive guidance to legally reduce your crypto tax liability and maximize profits.
Compliance You Can Rely On
Accurate Reporting
Brief copy about CRA treating crypto as property, not currency, and requiring every taxable event (trades, sales, spending, NFTs) to be reported, even without tax slips. Explain that missing or inconsistent reporting is now easier for CRA to detect and can trigger reassessments and penalties.
Complete Transaction Records
Brief copy on keeping detailed records for each transaction: dates, coin/token, CAD value, wallet/exchange, and fees. Emphasize that clean data makes it possible to correctly calculate adjusted cost base, capital gains, and business income across multiple wallets and platforms.
CRA-Ready Documentation
Brief copy on organizing CSV exports, wallet histories, and DeFi/NFT screenshots into an audit-ready file. Highlight that having this package prepared in advance reduces stress, supports voluntary disclosures if needed, and helps you respond quickly and confidently to any CRA queries.
Why Choose Gondaliya CPA for Cryptocurrency Tax Reporting?
Crypto-Specific Tax Expertise
Specialized knowledge in cryptocurrency taxation, including trading, staking, mining, NFTs, DeFi, and airdrops—handled accurately and compliantly.
Accurate Reporting
Seamless reconciliation of transactions from multiple wallets and exchanges to ensure precise capital gains, losses, and income reporting.
Proactive Crypto Tax Planning
Strategic tax planning to reduce future liabilities through timing strategies, loss harvesting, and structure optimization—before tax season hits.
Audit-Ready & CRA/IRS Compliant
Every crypto report is prepared with audit defense in mind, aligned with the latest CRA and IRS crypto tax regulations.
Fully Licensed CPA Ontario
500+ ★★★★★ Google Reviews
30-Day Money-Back Guarantee
60-Day Fees-Matching Policy
Comprehensive Crypto Accounting & Tax Services
Free Resource: 50 Deductible Expenses for Cryptocurrency Traders
Comprehensive checklist of tax-deductible costs unique to Cryptocurrency Traders. PDF delivered instantly.
Case Studies
Simplifying Tax Reporting for a Crypto Trader
Problem: A Toronto-based crypto trader had hundreds of transactions across multiple exchanges and wallets. Tracking gains and losses manually led to errors, missed deductions, and fear of CRA audits.
Solutions: Gondaliya CPA consolidated all transaction data, reconciled wallets and exchanges, and prepared accurate capital gains and income reports. We also provided tax-saving strategies for staking rewards and NFT sales.
Results: The trader filed fully compliant tax returns, reduced their taxable income by leveraging allowable deductions, and gained peace of mind knowing their records were audit-ready.
Crypto Startup Compliance and Strategic Planning
Problem: A GTA-based crypto startup needed help with accounting, payroll in crypto, and regulatory compliance. They were at risk of penalties due to unclear reporting practices.
Solutions: Gondaliya CPA implemented structured accounting practices, created a compliant reporting system for crypto payroll, and advised on tax-efficient strategies for token distribution.
Results: The startup achieved full compliance with CRA regulations, optimized tax liability, and streamlined accounting processes, allowing founders to focus on growth rather than compliance worries.
Reducing Tax Liability for an NFT Collector
Problem: An investor holding a diverse NFT portfolio faced significant capital gains taxes but lacked proper records of purchase dates, costs, and sale proceeds.
Solutions: Gondaliya CPA reconstructed transaction histories, calculated accurate cost bases for each NFT, and applied tax planning strategies to offset gains with allowable losses.
Results: The investor minimized their crypto tax liability, filed confidently with CRA, and received guidance for future NFT investments to reduce taxes proactively.
Our clear, efficient process ensures that every step is transparent, fostering trust and strong client relationships.
Here’s a simplified process approach:
- Consultation to understand your needs
- Develop Strategic Goals
- Tailor Financial Solutions
- Implement & Monitor
- Provide Ongoing Support
- Ensure Compliance and Risk
Step 1
Free Consulatation
Step 2
Data Collection & Review
We securely gather transaction data from wallets and exchanges and reconcile it for complete accuracy.
Step 3
Crypto Tax Reporting & Planning
We prepare compliant crypto tax reports and apply proactive strategies to legally minimize your tax liability.
Step 4
Filing, Support & Ongoing Guidance
We finalize filings, provide audit-ready documentation, and offer year-round support as regulations evolve.
Get Clarity on Your Crypto Taxes — Before It’s Too Late
We believe in clear, upfront pricing so you know exactly what to expect.
Tax Preparation (Corporation): From $400
Tax Return Filing (Corporation): From $400
Tax Compliance Audit – FREE CRA audit support for our clients
Tax Strategy: FREE for our clients
- Accounting Base Plan – From $100 / month
Bookkeeping Management (Free for our Accounting clients)
Financial Reporting (Free for our Accounting clients)
- Business Formation: Flat $35
- Incorporation Process: Flat $35
- Entity Setup Assistance: Flat $35
- Full-Service Payroll: From $125 per month
Meet Your Lead Cryptocurrency Tax Accountants
Google Reviews
See all on Google
Google Reviews
See all on GoogleServing Cryptocurrency Traders Across Ontario
We provide expert cryptocurrency accounting and tax services to investors, traders, and crypto-based businesses across Toronto and the Greater Toronto Area (GTA), including Mississauga, Brampton, North York, Etobicoke, Scarborough, Vaughan, Markham, Richmond Hill, and Ottawa, helping clients remain fully compliant while optimizing their tax position.
Toronto (ON)
168 Simcoe St Unit 1118, Toronto, ON M5H 4C9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Mississauga (ON)
5373 Bullrush Dr, Mississauga, ON, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Brampton (ON)
4 Starhill Crescent, Brampton, ON L6R 2P9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Scarborough (ON)
24 Clementine Square, Scarborough, ON M1G 2V7, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Vaughan (ON)
19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Oshawa (ON)
210 Durham St, Oshawa, ON L1J 5R3, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Ottawa (ON)
2090 Neepawa Ave a314, Ottawa, ON K2A 3L6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Etobicoke (ON)
60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Hamilton (ON)
70 Starling Dr, Hamilton, ON L9A 0C5, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Guelph (ON)
1155 Gordon St, Guelph, ON N1L 1S8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Windsor (ON)
4387 Guppy Ct, Windsor, ON N9G 2N8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
North York (ON)
150 Graydon Hall Dr #912, North York, ON M3A 3B2, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Crypto Tax Frequently Asked Questions
Do I need to pay taxes on cryptocurrency in Canada?
How is cryptocurrency taxed in Canada?
Crypto is generally taxed as capital gains if held as an investment, or as business income if trading or operating a crypto business. Each transaction must be tracked, including the date, value in CAD, and purpose. Accurate records ensure correct tax reporting and compliance.
Are NFTs taxable?
Yes, NFTs are treated like other crypto assets. Selling, trading, or earning NFTs can trigger capital gains or business income tax, depending on the activity. Even gifting or receiving NFTs may have tax implications, so documenting every transaction is critical.
How do I report crypto from multiple exchanges?
You must consolidate all transactions from wallets and exchanges into a single report. Gondaliya CPA helps reconcile trades, transfers, and fees, ensuring that gains, losses, and income are reported accurately to the CRA or IRS.
Is crypto mining taxable?
Yes. Mining rewards are considered income at the time of receipt and taxed at your regular income tax rate. Mining expenses, like electricity or hardware, may be deductible if the activity qualifies as a business.
What about staking rewards?
Staking rewards are treated as taxable income when received. The value in CAD must be reported, and any subsequent sale may trigger additional capital gains. Keeping precise records of rewards and staking dates is essential.
Can I claim crypto losses on my taxes?
Yes. Capital losses from selling crypto can offset capital gains, reducing your overall tax liability. Losses can also be carried forward to future years. Proper tracking and documentation are required to ensure the CRA accepts the claim.
How long should I keep crypto tax records?
The CRA recommends keeping all crypto transaction records for at least six years. This includes wallet addresses, exchange statements, trade logs, and receipts. Organized records simplify reporting and protect against audits.
Do I need a CPA for cryptocurrency taxes?
While small transactions may be manageable, professional guidance ensures accurate reporting, compliance, and tax optimization. Gondaliya CPA specializes in crypto taxes and can minimize your liability while keeping you audit-ready.
How can Gondaliya CPA help with crypto taxes?
We provide full-service crypto tax solutions, including transaction reconciliation, income reporting, capital gains tracking, and strategic tax planning. Our team keeps up with evolving CRA regulations to ensure your crypto activities are fully compliant and optimized.
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