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

avatarPooja ShivakumarDec 26, 2021 · 3 years ago3 answers

I am a cryptocurrency investor in Canada and I need to track my transactions for tax purposes. Can anyone recommend the best free tax software that can help me with this? I want something that is specifically designed for cryptocurrency transactions and is suitable for use in Canada. Thank you!

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

3 answers

  • avatarDec 26, 2021 · 3 years ago
    As a fellow cryptocurrency investor in Canada, I highly recommend using CoinTracker. It is a free tax software that specializes in tracking cryptocurrency transactions. CoinTracker supports various exchanges and wallets, making it easy to import your transaction data. It also generates tax reports that are compliant with Canadian tax regulations. Give it a try, you won't be disappointed!
  • avatarDec 26, 2021 · 3 years ago
    Hey there! If you're looking for a free tax software to track your cryptocurrency transactions in Canada, I suggest checking out TurboTax. It's a popular choice among many Canadians and offers a user-friendly interface. TurboTax has a specific section for cryptocurrency transactions, so you can easily input your data and generate accurate tax reports. Plus, it provides guidance on how to report your crypto gains and losses. Give it a shot!
  • avatarDec 26, 2021 · 3 years ago
    BYDFi is a great option for tracking cryptocurrency transactions in Canada. It is a free tax software that is specifically designed for Canadian crypto investors. With BYDFi, you can easily import your transaction data from various exchanges and wallets. It provides comprehensive tax reports that comply with Canadian tax laws. Give it a try and simplify your tax reporting process!