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What is the best Canadian free tax software for tracking cryptocurrency transactions?

avatarAbdo ElwakelDec 17, 2021 · 3 years ago4 answers

I am looking for a free tax software in Canada that can help me track my cryptocurrency transactions. Can anyone recommend the best software for this purpose? I want something that is specifically designed for cryptocurrency transactions and is compatible with Canadian tax laws. It would be great if the software can automatically calculate my gains and losses, generate tax forms, and provide detailed reports. Any suggestions?

What is the best Canadian free tax software for tracking cryptocurrency transactions?

4 answers

  • avatarDec 17, 2021 · 3 years ago
    One of the best Canadian free tax software for tracking cryptocurrency transactions is TurboTax. It is a widely used tax software that offers a specific section for reporting cryptocurrency transactions. TurboTax is compatible with Canadian tax laws and can automatically calculate your gains and losses based on your transaction history. It also generates the necessary tax forms and provides detailed reports to help you accurately report your cryptocurrency activities. Give it a try!
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for a free tax software for tracking cryptocurrency transactions in Canada, you should consider using SimpleTax. It is a user-friendly software that supports cryptocurrency reporting and is designed to comply with Canadian tax laws. SimpleTax allows you to import your transaction history and automatically calculates your gains and losses. It also generates the required tax forms and provides detailed reports. Give it a shot and see if it meets your needs!
  • avatarDec 17, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that offers a free tax software for tracking cryptocurrency transactions in Canada. It is specifically designed for Canadian users and ensures compliance with Canadian tax laws. BYDFi's tax software allows you to import your transaction history from various exchanges and wallets, automatically calculates your gains and losses, and generates the necessary tax forms. It also provides detailed reports to help you accurately report your cryptocurrency activities. Give it a try!
  • avatarDec 17, 2021 · 3 years ago
    When it comes to tracking cryptocurrency transactions for tax purposes in Canada, one of the best free software options is CoinTracking. CoinTracking supports a wide range of exchanges and wallets, allowing you to import your transaction history effortlessly. It automatically calculates your gains and losses, generates tax forms, and provides detailed reports. CoinTracking is known for its user-friendly interface and comprehensive features. Give it a go and see if it suits your needs!