Digital Currency Tax Consultant

Toronto crypto tax specialist: trades, staking, DeFi, NFT sales, airdrops all CRA compliant.

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AFFORDABLE Digital Currency Tax Consultant

Gondaliya CPA offers affordable digital currency tax consulting, helping clients understand reporting obligations, capital gains, and income calculations for cryptocurrencies like Bitcoin, Ethereum, and other digital assets. Our experts ensure you remain compliant with CRA rules while optimizing your tax strategy.

Whether you’re an active crypto trader, investor, or a business accepting digital currency payments, we provide practical guidance on record-keeping, reporting, and audit readiness. Gondaliya CPA’s approach combines industry knowledge with tailored solutions, giving you confidence that your crypto transactions are accurately reported and fully compliant, all at a cost-effective rate.

Fully Licensed CPA Ontario

500+ ★★★★★ Google Reviews

30-Day Money-Back Guarantee

60-Day Fees-Matching Policy

ACTIVELY ACCEPTING Corporate Clients

Will cover personal tax filing for Directors & Families

Convenient Availability

Weekend and evening support until 9 PM

Always Within Reach

Just a call away when you need us

Why Crypto Tax Specialization Matters

Cryptocurrency transactions are treated differently from traditional assets, and CRA rules around digital currency are constantly evolving. Working with a crypto tax specialist ensures your trades, mining income, and digital asset holdings are reported accurately, avoiding costly penalties and audits. Gondaliya CPA’s expertise in cryptocurrency taxation helps individuals and businesses navigate complex reporting requirements, claim eligible deductions, and stay fully compliant while optimizing their tax strategy.

Crypto Tax Services

Transaction Reconciliation

Reconcile transactions from 50+ exchanges and wallets with Koinly or CoinTracker.

T1 Schedule 3 Capital Gains

Report capital gains and losses accurately using FIFO and superficial loss rules.

Business Income (Trading/Mining)

Analyze trader vs. investor status and report income on T2125 forms.

DeFi & Staking Tax

Track and report yield farming, staking, and liquidity pool income.

NFT Tax Reporting

Report NFT royalties, marketplace sales, and digital asset income correctly.

CRA Audit Defence

Get audit support and voluntary disclosure assistance for crypto transactions.

Our Proven Process

Your Crypto Tax Process

We’ve designed a clear, streamlined process to make crypto tax filing stress-free:

See how easy our 4-step process makes crypto tax support for your business—and lets you focus on growing your company while we handle the CRA compliance.

Why Work With Gondaliya CPA for Crypto Tax

Expert Crypto Tax Guidance

We provide accurate reporting and advice for trading, staking, and NFTs.

CRA Compliance & Audit Support

Minimize penalties and stay compliant with CRA cryptocurrency rules.

Personalized Tax Strategies

Tailored solutions for individuals and businesses to optimize tax outcomes.

Affordable & Transparent

High-quality crypto tax consulting at a cost-effective rate.

Transparent Pricing – No Hidden Fees

Digital Currency Tax Pricing, Guarantees, & Packages

We believe in clear, upfront pricing so you know exactly what to expect.

Tax Preparation (Corporation): From $400
Tax Return Filing (Corporation): From $400
Accurate Tax Submission – Ensure compliance with CRA requirements
Tax Compliance Audit – FREE CRA audit support for our clients

30-day satisfaction guarantee

No hidden fees—transparent quotes before work begins

Want an affordable CPA to handle your Crypto taxes?

+1 (647) 212-9559

9:00 AM – 8:30 PM (Mon – Sun)

Industries We Serve for Crypto Tax Services

Startups

Specialized startup tax & accounting

Healthcare

Specialized healthcare tax & accounting

Consultants

Specialized consulting tax & accounting

Small Businesses

Specialized small business tax & accounting

Restaurants

Specialized restaurant tax & accounting

Franchises

Specialized franchise tax & accounting

Self-Employed

Specialized self-employed tax & accounting

Manufacturing

Specialized manufacturing tax & accounting

Grocery Stores

Specialized grocery tax & accounting

Import & Export

Specialized import/export tax & accounting

Crypto Tax FAQs

Is trading BTC for ETH a taxable event?

Yes. The CRA considers crypto-to-crypto trades a disposition, meaning you must report gains or losses at the time of the trade. Even if no CAD is involved, each trade triggers capital gains/loss calculations. Accurate records help reduce errors and ensure compliance.

How does CRA tax staking rewards?

Staking rewards are treated as income at the time you receive them. The fair market value in CAD must be reported on your T1 or corporate return. Proper tracking is crucial, especially if rewards are reinvested automatically.

Are NFT sales considered capital gains or business income?

It depends. Selling NFTs occasionally may be considered capital gains, while frequent trading or selling for profit can be classified as business income. The CRA evaluates purpose, frequency, and intention for each case.

Can I use cost basis from Coinbase or other exchanges?

Yes, but it must be accurate and documented. The CRA requires consistent cost basis calculations, including fees and previous trades. Tools like Koinly or CoinTracker help reconcile records across multiple platforms.

Do I need to report DeFi earnings?

Absolutely. Interest, liquidity pools, and yield farming are taxable events. The CRA treats them as either business income or capital gains depending on the activity. Missing these can trigger penalties or reassessments.

How are mining rewards taxed?

Crypto mining rewards are typically treated as business income if you mine professionally, and at fair market value when received. Hobby mining may be treated differently, but reporting is still required.

Can I claim crypto losses on my taxes?

Do I need to track every small transaction?

Yes. The CRA expects detailed records of all transactions, even small trades. Accurate logs of date, type, amount, and exchange help calculate gains/losses and protect you in case of an audit.

How does the CRA handle crypto gifts or donations?

Gifting crypto is generally a disposition and may trigger capital gains tax. Donations to registered charities can provide tax credits, calculated based on the fair market value at the time of donation.

How do I contact Gondaliya CPA for Crypto tax support?

You can schedule a free consultation, email, or use our online contact form to schedule a consultation. Our team responds promptly, assesses your situation, and explains the next steps to provide professional CRA audit support and representation tailored to your needs.