Founded in 2018 and based in Toronto Canada, Coinberry, lets over 200,000 Canadian investors buy, sell and trade more than 35 different cryptocurrencies on its user-friendly and secure platform. Whatever your Coinberry investments, Koinly can help do your Coinberry taxes so you can file with the CRA easily and accurately.
Coinberry is a highly compliant crypto exchange that is OSC & FINTRAC registered. This means the exchange meets the high regulatory standards of these agencies - including collecting KYC data. Although the CRA hasn't yet requested data from Coinberry publicly, that doesn't mean they won't. The CRA previously won the right to obtain information pertaining to Coinsquare users, and may pursue other exchanges in the future.
The easiest way to get your Coinberry tax forms is to get a CSV file of your Coinberry transaction history and upload this to Koinly. Koinly will then identify your taxable transactions, calculate your gain or loss using the approved CRA cost basis method and generate your Coinberry tax documents ready to file with the CRA. Here's how to get your CSV file.
When downloading your CSV files, check that the file covers your full trading history.
If you need help connecting Coinberry and Koinly, try these resources:
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No, Coinberry does not provide tax documents for users. Instead, you'll need to either go through your Coinberry transaction history yourself and identify each taxable transaction (anytime you sold or traded crypto) and calculate your subsequent gain or loss using the adjusted cost basis method... or use a crypto tax calculator to do it for you.
The easiest way to get your Coinberry tax documents is to get your a CSV file of your Coinberry transaction history and upload it to a crypto tax calculator like Koinly. Your tax calculator will then calculate your Coinberry taxes for you and generate your Coinberry tax documents.
Easy - log in to Coinberry and select your account name, then statements & reports, then hit the download icon under Coinberry pay reports. Your CSV file will go to your email address.
No. Coinberry only provides a CSV file of your transaction history, but you can upload this to a crypto tax app that can help you generate a financial or EOFY statement if you need one for tax purposes.
Yes. The CRA is clear that any gains from disposing of crypto by selling, swapping, spending or gifting it is subject to Income Tax. This includes any trades you made on Coinberry!