How to File Your Shakepay Taxes with Koinly
Shakepay is a popular Canadian crypto exchange, helping more than 1 million Canadian crypto investors buy, sell, trade, and spend crypto (and earn cashback). Whatever your Shakepay investments, Koinly can help you do your Shakepay taxes.
Follow these steps to download your ShakePay data:
- Log in to the Shakepay app.
- On the profile page select “settings”
- Select “account statement”
- Select “Request Transaction Summary” and click “send”
- You will receive two CSVs in your email. One for crypto transactions and one for cash transactions. You'll need to upload both to Koinly.
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find ShakePay in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from ShakePay (one at a time) and click on Import
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
How do I file my Shakepay taxes?
Canadian crypto investors report any capital gains or income from crypto investments to the CRA as part of their annual tax return, via their preferred filing method - whether that's paper forms, via an accountant, or using tax filing software like TurboTax or H&R Block. Koinly can help, however you prefer to file, all you need to do is upload a CSV file of your Shakepay transaction history.
Does Shakepay report to the tax office?
Yes, Shakepay reports to the Canada Revenue Agency. You can learn more in our guide: Does Shakepay Report to the CRA?
FAQs
Does Shakepay provide a tax report?
No, Shakepay does not provide a tax report. But you can use your Shakepay transaction history to calculate your crypto taxes and create a Shakepay tax report using a crypto tax app.
How do I get Shakepay tax documents?
Getting your Shakepay tax documents is easy with Koinly. Just get your Shakepay CSV file, upload it to Koinly and Koinly will generate a range of crypto tax reports with your Shakepay transactions depending on how you prefer to file with the CRA.
How do I connect my Shakepay to Koinly?
Just follow the CSV instructions above to connect Shakepay to Koinly and calculate your Canada crypto taxes in minutes.
Does Shakepay provide financial or end of year statements?
No, Shakepay doesn't supply a financial statement. But you can use your Shakepay transaction history to create a financial statement to use in your tax report. You can generate your transaction history as a CSV file from your Shakepay account.
