COINLEDGER, LEADING PROVIDER OF CRYPTO TAX SOFTWARE, ANNOUNCES STRATEGIC EXPANSION TO CANADA

The popular cryptocurrency tax software provider has expanded its offering to support tax reporting for Canadian crypto investors.

Austin, Texas, August 11, 2022 /PRNewswire/ — CoinLedgera leading tax reporting platform for cryptocurrency, DeFi and NFT users, today announced its official expansion in Canada. Investors and users of cryptocurrencies 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.

“We are very excited to expand our full suite of tax reporting tools and offerings to help Canadian cryptocurrency investors comply with local laws,” said David Kemmeer, CoinLedger co-founder and CEO. “We’ve seen incredible demand not just here in the US, but from crypto consumers around the world who need help with tax reporting. With this launch, crypto tax compliance will be as easy as a few clicks for the average Canadian. “

The interoperability 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 directly integrating with hundreds of cryptocurrency platforms to allow any user to track the transaction history of their digital assets across the crypto economy.

By simply connecting their wallets to CoinLedger, Canadian users can now automatically import and settle their historical transactions across all of their crypto platforms. From here you can generate the corresponding local tax forms at the touch of a button.

The Canadian Revenue Agency, along with governments around the world, are rapidly ramping up enforcement efforts around 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 the coming years as the digital asset industry continues to grow.

About CoinLedger

CoinLedger enables seamless tax reporting for participants in the digital asset economy. Founded in 2018, CoinLedger was designed to reduce the friction of participating in the cryptocurrency ecosystem by making tax reporting as easy as possible. Through direct integration with major exchanges, wallets, blockchains, and NFT platforms, CoinLedger provides a unified dashboard that allows users to track and monitor their cryptocurrency activity. Whether you trade cryptocurrencies, buy and sell NFTs, or rely on DeFi protocols, CoinLedger makes tracking your portfolio and reporting your taxes easier than ever. For more information visit https://coinledger.io/.

SOURCE CoinLedger

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