Investments and capital gains
Investment & Cryptocurrency Tax Reporting
Arsen Accounting Services helps prepare Canadian tax reporting for investment income, securities dispositions and cryptocurrency transactions. We review the transaction records and the nature of the activity to establish the relevant reporting and supporting calculations.
Request a quote →What to gatherCanadian tax services · Based in Ontario · Remote tax preparation
Tax preparation with Elena Arsen, CPA, CMA · Arsen Accounting Services
Tax slips are only part of the information
Investment income may appear on slips, while the cost of investments and complete transaction history may need to come from your own records. Provide purchase records, sales, fees, transfers and corporate-action information so the available data can be reconciled. A missing or incomplete cost figure can materially affect a gain or loss calculation.
Crypto transactions need a complete history
Selling a crypto-asset is not the only transaction that can have tax consequences. Exchanges between crypto-assets and other dispositions may also need reporting. Include exchange exports and relevant wallet records, with dates, transaction types and Canadian-dollar values or supporting valuation information.
Determine the appropriate treatment
Investment and crypto activity may involve capital gains or losses, business income, or other income depending on the facts. The classification is reviewed rather than assumed. Tell us about trading frequency, staking, mining and other activities at the start so we can assess the scope and identify any specialist work needed.
Connect the reporting to the right return
The taxpayer may be an individual, corporation, estate or trust. Foreign holdings can raise additional information-reporting questions. We coordinate the agreed schedules with the relevant return and discuss any missing transaction data before preparation is completed.
CRA guidance
General information only. Requirements depend on the facts and the tax year. Service scope is confirmed before engagement.
Common questions
Before you get started
Is a T5008 enough to calculate my gain?
Not necessarily. Cost information can be incomplete, and adjustments may be needed. Provide your purchase history and other supporting records.
Does exchanging one cryptocurrency for another matter?
It can. A crypto-to-crypto exchange may be a disposition with tax consequences even if no Canadian dollars were withdrawn.
Get in touch
Let's discuss your tax needs.
Tell us the tax years, province and filing needs. Prepare a short quote inquiry or contact us directly to discuss availability and scope.
Email: elena@arsenaccounting.com
Phone: (647) 297-4126
Before you send
Please provide a brief description of the assistance you need. Do not email SINs, passwords, banking details or sensitive tax documents in your initial inquiry. We'll discuss an appropriate secure method of sharing documents if we proceed.
Information on this website is general and is not individualized tax advice. Engagements are subject to acceptance, agreed scope and applicable terms.