There can be many options for crypto tax software in Canada. Here is a list of the popular ones (in no particular order) that are tested and found to be compatible with VirgoCX.
Note: Before reading further, if you want to know how to export your transaction reports on VirgoCX, click here.
Crypto Tax Calculator
Crypto Tax Calculator is a robust platform designed to simplify the complexities of reporting cryptocurrency taxes for Canadian investors. With a strong focus on automation, the software allows users to seamlessly import their transaction data from various exchanges and wallets, making tax reporting more efficient. The platform is backed by Coinbase Ventures and has gained a reputation for its user-friendly experience and comprehensive support for CRA guidelines.
Key Features:
- Broad transaction coverage: Crypto Tax Calculator accommodates a wide range of transaction types, including trading, mining, staking, and DeFi activities.
- Automated workflow: Automates the tax reporting process from start to finish. Users can import data from exchanges and wallets, categorize transactions, and generate CPA-approved reports seamlessly.
- Beginner-Friendly Interface: Designed with simplicity in mind, the interface allows even beginners to navigate their transaction history effortlessly
- Integrated Tax Filing Solutions: The platform’s compatibility with popular tax filing software like TurboTax ensures a smooth transition from report generation to filing.
- Outstanding Customer Support: With a Trustpilot rating of 4.8, Crypto Tax Calculator is recognized for its responsive customer service.
Here’s how to do VirgoCX taxes with Crypto Tax Calculator.
VirgoCX users get 30% off the first year, use code “VIRGO30” at checkout!
(Valid until April 30, 2025)
Koinly
Koinly is a trusted and user-friendly crypto tax calculator designed to make life easier for investors, including those in Canada. With its versatile features and global reach, Koinly takes the hassle out of tracking your crypto transactions and preparing tax reports. The platform supports a wide range of cryptocurrencies and integrates with numerous exchanges and wallets.
Key Features:
- Broad Coverage of Assets: Koinly supports a vast array of cryptocurrencies, NFTs, and DeFi activities, making it suitable for diverse investment portfolios.
- Seamless Transaction Importing: Users can easily import their transaction history from over 6,000 exchanges and wallets, significantly reducing the time spent on data entry.
- Capital Gains Calculation: Koinly automatically calculates capital gains and losses based on transaction data, providing users with clear insights into their tax obligations.
- Integration with Tax Filing Software: Koinly integrates with popular tax filing platforms such as TurboTax and H&R Block, facilitating smooth report submission.
Here’s how to do VirgoCX taxes with Koinly.
VirgoCX users get 15% discount by using the code “VIRGOCX25“!
(Valid until April 30, 2025)
CoinLedger
CoinLedger is recognized as a leading crypto tax software in Canada, designed to simplify the complexities of crypto tax reporting. Founded in 2018, CoinLedger has quickly established itself as a trusted solution for over 500,000 crypto investors globally. Its user-friendly platform is built on the founders’ experiences in automated trading systems, addressing the challenges they faced in managing crypto taxes.
Key Features:
- Comprehensive Transaction Support: Handles various transaction types across multiple exchanges.
- User-Friendly Interface: Simplifies capital gains calculations and report generation. Users can effortlessly navigate through their transaction history, making it easy to understand their tax obligations.
- Integration with Tax Filing Software: CoinLedger offers seamless integration with popular tax filing software, such as TurboTax and H&R Block.
- Strong Customer Support: Offers live chat and email assistance. With a Trustpilot ranking of 4.8, CoinLedger demonstrates a strong commitment to customer satisfaction.
Here’s how to do VirgoCX taxes through CoinLedger.
VirgoCX users get 20% discount by using the code “VIRGO”!
(Valid until April 30, 2025)
Conclusion
Choosing the right calculator can simplify your tax reporting process and ensure compliance with CRA regulations. With various tools available, you can choose any one that fits you.