LEADING CRYPTO TAX SOFTWARE PROVIDER COINLEDGER ANNOUNCES STRATEGIC EXPANSION INTO CANADA
Popular cryptocurrency tax software provider has expanded its offerings to support tax reporting for Canadian crypto investors.
AUSTIN, Texas, 11 August 2022 /PRNewswire/ — CoinLedgera leading tax reporting platform for cryptocurrency, DeFi and NFT users, today announced its official expansion to Canada. Investors and cryptocurrency users i Canada can now use the platform to automate all capital gains, losses and income tax reporting in accordance with Canadian tax laws.
Leading crypto tax software provider, CoinLedger, announces strategic expansion to Canada
“We are extremely excited to expand our full suite of tax reporting tools and offerings to help Canadian cryptocurrency investors stay compliant with local laws,” said David Kemmeer, Co-Founder and CEO of CoinLedger. “We’ve seen incredible demand not only here in the US, but from crypto consumers around the world who need help with tax reporting. With this rollout, crypto tax compliance for the average Canadian will be as easy as a few clicks of a button.”
The interoperable nature of cryptocurrencies and digital assets, with transfers across different blockchains, wallets and exchanges, can create tax reporting nightmares for individuals. CoinLedger solves this problem by integrating directly with hundreds of cryptocurrency platforms to allow any user to track the transaction history of digital assets across the crypto-economy.
By simply connecting their wallet to CoinLedger, Canadian users can now automatically import and account for their historical transactions across all their crypto platforms. From here, they can generate the relevant local tax forms with the click of a button.
The Canadian Revenue Agency, along with governments around the world, is rapidly increasing enforcement efforts regarding digital asset tax compliance. The effort includes increased tax audits, compliance requirements for exchanges and new intelligence units. These initiatives are expected to increase in the years ahead as the digital asset industry continues to grow.
About CoinLedger
CoinLedger enables seamless tax reporting for participants in the digital asset economy. Founded in 2018, CoinLedger was built to reduce the friction of participating in the cryptocurrency ecosystem by making tax reporting as easy as possible. By directly integrating with major exchanges, wallets, blockchains and NFT platforms, CoinLedger provides a unified dashboard for users to track and monitor their cryptocurrency activity. Whether you’re trading cryptocurrencies, buying and selling NFTs, or betting on DeFi protocols, CoinLedger makes it easier than ever to track your portfolio and report taxes. For more information, visit https://coinledger.io/.
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SOURCE CoinLedger
