How can I file my cryptocurrency taxes in Canada for free?

3 answers

• Dec 16, 2021 · 3 years ago
  One way to file your cryptocurrency taxes in Canada for free is to use online tax software that offers a free version. Many popular tax software options, such as TurboTax and SimpleTax, have free versions that can handle cryptocurrency tax reporting. These software programs guide you through the process and help you accurately report your cryptocurrency transactions and calculate your tax liability. Just make sure to check if the free version includes cryptocurrency tax reporting before you start using it.
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• Dec 16, 2021 · 3 years ago
  Another option is to use the free tax filing service provided by the Canada Revenue Agency (CRA). The CRA offers a free online tax filing service called Netfile, which allows you to file your taxes electronically. While Netfile doesn't specifically cater to cryptocurrency taxes, you can still use it to report your cryptocurrency transactions and calculate your tax liability. Just make sure to accurately report your cryptocurrency income and any capital gains or losses.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we understand the importance of filing your cryptocurrency taxes accurately and for free. That's why we recommend using online tax software that offers a free version. These software programs are designed to handle complex tax situations, including cryptocurrency tax reporting. By using a reputable tax software, you can ensure that your cryptocurrency taxes are filed correctly and in compliance with Canadian tax laws. Remember to keep track of your cryptocurrency transactions throughout the year to make the tax filing process easier.
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