Looking for a professional cryptocurrency tax accountant?
Want to reduce your tax owing?
Success Accounting Services specializes in preparing cryptocurrency tax returns, we review and inspect the Crypto Proceeds of Disposition, Adjusted Cost Base (ACB) and Crypto Exchange Fees to ensuring its complete and accurate before E-Filing the tax returns.
There are two ways of calculating Crypto Taxes, Business Income and Capital gain. To help distinguish between the two, go through the following;
1- Business Income:
• Cryptocurrency trading ( Buying / selling Crypto Frequently)
• Holding for a short period of time
• Cryptocurrency Mining / Intention to make profit
2- Capital Gain:
• Holding for investment purposes
Success Accounting Services claims the exemption 50% from the Capital Gain, and we MINUS the following from the total sale of Crypto; Cost of the Crypto, Crypto Exchange Fees and Crypto Loan Interest to save your tax owing.
We represent our clients with the CRA to manage their tax matters, and to update them with the latest information in their CRA file.