Welcome to RankFi. Here's my 3 step workflow for doing crypto taxes in Canada. Hopefully this can save you hours of time and give you more peace of mind.

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Description
In this video, I go over how to do your crypto taxes in Canada using Koinly. If you're new to the world of crypto taxes, don't worry! This is the info I wish I knew at the beginning and I'll help you understand how to calculate your crypto tax and download your reports.

Why Koinly?
I've used Koinly for the past 3 years and it has worked pretty well for me. If you have lots of crypto wallets and crypto exchanges, Koinly is a good crypto tax calculator to help you sort everything out. It will help you download reports that contain all the necessary information needed for filing your crypto taxes with the Canada Revenue Agency (CRA).

Basically, it's a software that can be used to calculate and generate accurate tax reports for cryptocurrency transactions, including defi crypto taxes, NFT taxes, mining income, staking income, and more. All you have to do is upload your crypto wallets, exchanges, and transaction info.

If you find ‪@RankFi‬ helpful, check out the website over https://rankfi.com/ca


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Timestamps:
0:00 - Intro
0:10 - Overview: How to Do Crypto Taxes
0:44 - Koinly Overview & Pricing
2:41 - Step 1: List Everything
3:41 - Step 2: Upload Transactions
4:35 - How to Upload Crypto Wallets
5:31 - Upload Crypto Exchanges Transactions
6:20 - How to Format CSVs
8:10 - How to Connect APIs
9:43 - Step 3: Fix Transactions
11:14 - Finally Export Your Tax Reports!
12:12 - Video Summary & Notes

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DISCLAIMER
All content and material is for INFORMATIONAL purposes only and should not be taken as investment advice. Cryptocurrency and investing is very risky! Stay safe and do your own research.

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#Bitcoin #Crypto

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