koinly canada | BTCC Knowledge

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What is koinly and how does it work in Canada?

Koinly is a great tool for Canadians looking to complete their tax returns. Since any crypto to crypto transfer or sale of crypto counts as a taxable transaction in Canada, these can add up over the year. Before you know it, you’ve got 100+ transactions that you must calculate to work out your capital gains.

What crypto exchanges does koinly support in Canada?

Koinly supports over 400 crypto exchanges including Coinbase, Crypto.com, and Binance, which makes it a great choice for Canadians. The popular Canadian crypto exchanges Koinly supports are: Keep in mind, there is no support for Wealthsimple. How to Use Koinly in Canada?

What countries does koinly support?

Koinly supports over 100 countries globally - only the most common ones are listed below. If your country uses any of our supported cost basis methods (such as FIFO, LIFO etc) then we can help you with your crypto taxes! Our Comprehensive Tax Report is suitable for anyone looking to declare taxes - no matter which country.

Is koinly worth it?

If you are filing in the US, Koinly can generate filled-in IRS tax forms. Comprehensive tax report. Generate a full crypto tax report with all your long/short term disposals. Guaranteed to pass audits. " I switched to Koinly last month and really loving it so far. Much better than cointracking. Good job! "