Popular cryptocurrency tax software provider has expanded its offerings to support tax reporting for Canadian crypto investors.
AUSTIN, Texas, Aug. 11, 2022 /PRNewswire/ — CoinLedger, a leading tax reporting platform for cryptocurrency, DeFi, and NFT users, today announced its official expansion into Canada. Investors and cryptocurrency users in Canada can now use the platform to automate all of their capital gains, losses, and income tax reporting in accordance with Canadian tax laws.
Leading Crypto Tax Software Provider, CoinLedger, Announces Strategic Expansion into Canada
“We’re extremely excited to be expanding 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 just here in the U.S., but from crypto consumers all over the world who need help with tax reporting. With this rollout, crypto tax compliance for the average Canadian will be as simple as a few button clicks.”
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 their digital-asset transaction history across the entire crypto-economy.
By simply connecting their wallets to CoinLedger, Canadian users can now automatically import and account for their historical transactions across all of 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 quickly ramping up enforcement efforts with regards to the tax compliance for digital assets. Efforts include increased tax audits, compliance requirements for exchanges, and new intelligence units. These initiatives are expected to increase in years ahead as the digital asset industry continues to grow.
About CoinLedger
CoinLedger enables seamless tax reporting for participants of 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 simple 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 staking on DeFi protocols, CoinLedger makes tracking your portfolio and reporting your taxes easier than ever. For more information, visit https://coinledger.io/.
View original content to download multimedia:https://www.prnewswire.com/news-releases/leading-crypto-tax-software-provider-coinledger-announces-strategic-expansion-into-canada-301603974.html
SOURCE CoinLedger
CRYPTO UPDATE Most of the largest cryptocurrencies were up during morning trading on Thursday, with Uniswap (UNIUSD) seeing the biggest move, rallying 5.42% to $9.59. Seven additional currencies posted upswings Thursday.
If there is one crypto to buy right now, it's Bitcoin (CRYPTO: BTC). There is a paradigm shift happening in the investment world right now, and Bitcoin is the reason. In early August, Coinbase (NASDAQ: COIN) announced that it was linking with the world's largest asset manager, BlackRock (NYSE: BLK), to offer crypto investment services for large institutional investors and wealthy private clients.
Wedbush Managing Director and Senior Equity Analyst Dan Ives joins Yahoo Finance Live to discuss Rivian earnings, the opportunity for EV makers like Tesla, and whether the Elon Musk-Twitter deal goes through.
Yahoo Finance reporter Alexandra Semenova details a new report that the SEC is investigating Melvin Capital for potentially misleading investors.
The entrepreneur Mark Cuban just took a stand in a debate that's hotly controversial in business circles and Congress.
Financial planners share how much spouses should be able to comfortably spend from joint income.
Illumina (ILMN) delivered earnings and revenue surprises of -9.52% and 4.73%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
In this article, we discuss 10 Chinese stocks investors are shorting. If you want to skip our discussion about the turmoil in the Chinese economy, go directly to Investors are Shorting These 5 Chinese Stocks. NIO Inc. (NYSE:NIO), KE Holdings Inc. (NYSE:BEKE), and TAL Education Group (NYSE:TAL) are some of the stocks that investors are […]
The electric-vehicle maker said its operating loss is expected to grow to $5.45 billion, from its previous projection of $4.75 billion for the full year, further pressuring the startup to conserve cash and move quickly to fill customer orders.
The big-money investor in U.S. stocks is households, not hedge funds or major corporations. Until households start selling, stocks haven't hit their lows, warns BofA Global.
The rise in the cost of living cooled in July, but not for grocery prices. The price of consumer goods and services was steady in July from the previous month, as the Labor Department said Wednesday. In July, the inflation rate compared to a year ago was 8.5%, lower than 9.1% in June, a 41-year record, helped by lower prices in energy.
Yahoo Finance Live host Brian Cheung looks at several trending stocks making moves in the after hours trading session.
While every market advisor will tell you never to try to ‘time’ the market, timing is still important for success. Investors need to buy into low prices, and to do that, they need to know when prices are low. This doesn’t necessarily mean low in absolute dollar terms, but low relative to a stock’s recent past performance. In recognizing that lower price range, investors can turn to Wall Street’s pros for help. The analysts have been busy lately, picking out stocks that are in their lower price r
Choosing stocks that can weather the storm and do well afterward, too, are the kinds of companies we should seek out, and the following trio of top tech stocks should outperform no matter what the market throws at it. Having shed its Warner Media division into the newly reconstituted Warner Bros Discovery in April, AT&T (NYSE: T) is now able to focus solely on its telecom operations and the rollout of its 5G network that will provide the industry with its next wave of growth. Although AT&T says it's not immune from the recessionary impacts affecting the broader economy, it's capable of managing through them and investing for the long-term benefit of customers and investors.
Even outperformers including AMD and Nvidia face a slowdown in some segments after years of surging demand.
Contributing to a 401(k) or individual retirement account (IRA) isn't the only way to save for retirement. While most people think of health savings accounts (HSAs) as tools for covering annual medical expenses, they can also be valuable retirement savings … Continue reading → The post This Chart Shows How Contributing to an HSA Can Pay Off Big appeared first on SmartAsset Blog.
The mercurial stock is down after earnings, but there is still plenty of reason for optimism for long-term investors.
Dow Jones gains faded. A senior Fed official issued a warning. Coinbase stock plunged as Bitcoin rose. Disney stock soared on earnings.
Smart investors shouldn't be concerned about stock splits. Instead, they should concentrate on a company's fundamentals.
ChargePoint Holdings, Inc. (CHPT) closed the most recent trading day at $16.69, moving +1.52% from the previous trading session.

source

Write A Comment