cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ

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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ

cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ

@CryptactGlobal

๐Ÿš€Crypto taxes: Simplified. ๐Ÿ‘Trusted by 150k+ users โš™CEX, DeFi and NFT trades. For support: https://t.co/1MYROlO4sE Try out everything for free๐Ÿ‘‡

Canada ๊ฐ€์ž…์ผ Eylรผl 2018
108 ํŒ”๋กœ์ž‰144 ํŒ”๋กœ์›Œ
๊ณ ์ •๋œ ํŠธ์œ—
cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ@CryptactGlobalยท
๐Ÿ“ข Filing your #crypto taxes soon? ๐Ÿ’ก Try cryptact, the automated #cryptotax tool trusted by 150K users! Why choose cryptactโ“ โœ… Free to start โœ… 140+ exchanges and blockchains โœ… 25,000+ cryptocurrencies โœ… Easy API sync โœ… Supports #DeFi #NFT Tap๐Ÿ”—cryptact.com/en
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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
March Break is coming to Canada ๐Ÿ”๏ธโ›ท๏ธ ย  If your kids are off school next week, the last thing you want is to deal with crypto taxes. ย  Get it done this weekend โ€” cryptact takes 30 minutes. cryptact.com/en ๐Ÿ
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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
Friday plans, Canadian crypto edition ๐Ÿบ๐Ÿ ย  Option A: Stress about taxes all weekend, manually dig through exchange CSVs, calculate ACB wrong, cry a little. ย  Option B: Spend 30 min on cryptact tonight. Get your CRA report. Enjoy the weekend. ๐Ÿ˜Ž ย  We know which one we'd choose. cryptact.com/en
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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ@CryptactGlobalยท
Foreign crypto holdings over $100,000 CAD? ๐ŸŒ ย  You may need to file Form T1135 with CRA. ย  Important note: Crypto held on a CIRO-registered Canadian exchange is generally exempt. But foreign exchanges? Different story. ย  Don't miss this one. ๐Ÿ
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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
Still on spreadsheets for crypto taxes? ๐Ÿ“Š ย  There's a better way. Cryptact imports from 30+ exchanges, calculates ACB, and exports a CRA-compliant report. ย  Free plan. No credit card. ๐Ÿ‘‰ cryptact.com/en
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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
๐Ÿงต Everything taxable in Canada โ€” the full breakdown: ย  ๐Ÿ’ฐ Selling crypto for CAD โ†’ Capital gain ๐Ÿ”„ Crypto-to-crypto swap โ†’ Capital gain โ›๏ธ Mining rewards โ†’ Business income ๐ŸŒพ Staking rewards โ†’ Income on receipt ๐Ÿ›๏ธ Buying goods with crypto โ†’ Capital gain ๐ŸŽ Gifting crypto โ†’ Disposition at FMV ๐Ÿฆ DeFi yield โ†’ Income ๐Ÿ–ผ๏ธ NFT sale โ†’ Capital gain or business income ย  Cryptact handles every single one. ๐Ÿ cryptact.com/en ย  #CryptoTax #CryptoCanada
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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
Gifting crypto to a friend? ๐ŸŽ ย  CRA treats that as a disposition at fair market value. Meaning: any gain since you bought it? Taxable to YOU โ€” not them. ย  Even kindness has tax implications in Canada. ๐Ÿ cryptact tracks every transaction type including gifts.
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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
Picture this ๐Ÿ˜… ย  It's April 28. You have 50+ transactions across 4 exchanges. You're building a spreadsheet. At midnight. You're not sure if that DeFi swap was taxable. ย  OR ๐Ÿ‘‡ ย  It's March 18. You spend 30 min on cryptact. Report done. Stress level: zero. ๐Ÿ˜Ž ย  The choice is yours, Canada. ๐Ÿ‡จ๐Ÿ‡ฆ cryptact.com/en
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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
๐Ÿšจ The Superficial Loss Rule โ€” the CRA trap most Canadians miss. ย  Sold crypto at a loss and re-bought the same coin within 30 days? ย  CRA calls that a 'superficial loss' โ€” and it's NOT deductible. ย  This catches a LOT of investors off guard. Cryptact flags these automatically so you stay compliant. ๐Ÿ
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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
Did you know? Staking rewards are taxed as INCOME in Canada ๐Ÿ ย  Not capital gains โ€” income. At the fair market value in CAD on the day you receive them. ย  And that same value becomes your new cost basis when you eventually sell. ย  Two taxable moments. One asset. Track both.
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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
That ETH โ†’ SOL swap you did in 2025? ๐Ÿค” ย  In Canada, that's a taxable event. CRA treats every crypto-to-crypto trade as a disposition at fair market value. ย  Yes, even if you never touched CAD. Yes, all of them. ย  Cryptact tracks every trade, every wallet. ๐Ÿ
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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
ACB isn't just a formula โ€” it's a legal requirement ๐Ÿ‡จ๐Ÿ‡ฆ ย  The CRA only accepts the Adjusted Cost Base method for crypto. FIFO? Not allowed. Specific ID? Nope. ย  One method. One chance to get it right. Cryptact handles it automatically.
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cryptact canada ๐Ÿ‡จ๐Ÿ‡ฆ
Tax Tip Tuesday ๐Ÿ’ก ACB (Adjusted Cost Base) โ€” explained simply ๐Ÿงต 1/ ACB is the average price you paid for a crypto asset, across ALL your purchases. 2/ Every time you buy more, your ACB changes. 3/ When you sell, CRA calculates your gain using: Sale price โˆ’ ACB = Gain. 4/ ACB must be tracked per coin โ€” not per transaction. 5/ Getting ACB wrong = filing wrong = CRA penalties. cryptact calculates it automatically. ๐Ÿ cryptact.com/en
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