The crypto services website would make it easier for Canadians to file cryptocurrency taxes.
Crypto.com has announced the launch of a free service that will make it easier for Canadians to file cryptocurrency taxes.
Canadians are subject to a cryptocurrency tax.
The company claims that its new service makes it simple to file complex crypto taxes. Users can import transactions from supported exchanges, and the platform will quickly produce accurate tax reports.
This 100 percent free service, according to the company, allows users to easily produce reliable and structured crypto tax reports, including transaction history and capital gains and losses information.
Crypto.com reported that the product was produced in partnership with experts.
“We worked with professional tax advisers to ensure that the calculation logic is consistent with available guidance and laws for filing crypto taxes in Canada.”
This page provides links to the service.
Certain Tax Alternatives
According to Crypto.com, the service will eventually be available in other countries and regions.
It has also sought other forms of collaborations in the past. In March 2020, it collaborated with CoinTracker, CryptoTrader.Tax, and TokenTax to provide tax preparation services. Users will be able to export their Crypto.com wallet balance to these tax services.
In November of last year, Crypto.com collaborated with Cointracking.info. Users could pay for the tax service with Bitcoin and other cryptocurrencies thanks to this collaboration.
Crypto.com provides cryptocurrency investors with an exchange, wallet, credit card, and other features in addition to its numerous tax services.