Comprehensive Cryptocurrency Tax Compliance & Reporting
Davis Accounting & Tax is a Canadian CPA firm specializing exclusively in cryptocurrency tax compliance, reporting, and strategic planning. We assist individuals, investors, traders, and businesses across Canada with accurate and defensible crypto tax filings aligned with current CRA guidance.
Our cryptocurrency tax services include:
Our cryptocurrency tax services include:
- Capital gains and loss reporting
- Disposition tracking across multiple exchanges and wallets
- ACB (Adjusted Cost Base) calculations
- Staking and reward income reporting
- DeFi transaction analysis
- NFT tax treatment
- AirDrop, fork, and token swap reporting
- Foreign reporting considerations (T1135)
Crypto Business Income vs. Capital Gains Analysis
Determining whether cryptocurrency activity constitutes business income or capital gains is one of the most critical and misunderstood areas of Canadian crypto taxation.
We provide professional analysis and documentation to support appropriate tax treatment for:
Our approach is grounded in CRA administrative positions and Canadian case law principles.
We provide professional analysis and documentation to support appropriate tax treatment for:
- High-frequency traders
- Long-term investors
- Day traders
- Corporate crypto holders
- Digital asset investment structures
Our approach is grounded in CRA administrative positions and Canadian case law principles.
Mining, Staking & DeFi Taxation
Cryptocurrency mining, staking, liquidity pools, and decentralized finance activities present unique tax challenges under Canadian law.
We assist with:
We assist with:
- Mining income recognition and valuation
- Inventory accounting for corporate miners
- Staking reward income reporting
- Liquidity pool transactions
- Yield farming income
- Tokenized lending and borrowing structures
- GST/HST considerations for crypto-related activities
Corporate Cryptocurrency Tax Services
We provide specialized corporate crypto tax services for Canadian corporations holding or transacting in digital assets.
Services include:
Services include:
- Corporate crypto bookkeeping and reconciliation
- Inventory vs. capital property treatment
- Corporate mining operations
- Shareholder loan tracking involving crypto
- Corporate tax return (T2) preparation
- Financial statement reporting for digital assets
CRA Cryptocurrency Audit Support & Voluntary Disclosures
As cryptocurrency reporting scrutiny increases, proper documentation and professional representation are essential.
We provide:
We provide:
- CRA audit response support
- Review and correction of prior-year crypto filings
- Voluntary disclosure tax preparation
- Risk assessment and compliance planning
- Technical interpretation and position memo support
Serving Clients Across Canada
Although based in Alberta, we serve clients remotely across Canada, including Ontario, British Columbia, Quebec, and all provinces and territories.
If you are searching for a cryptocurrency tax accountant in Canada, our secure remote consultation model allows us to provide expert crypto tax services nationwide.
If you are searching for a cryptocurrency tax accountant in Canada, our secure remote consultation model allows us to provide expert crypto tax services nationwide.