How to do your MyBTC.ca taxes with Koinly
MyBTC.ca is a non-custodial Bitcoin trading platform based in Canada, that allows users to trade Bitcoin while maintaining complete control of their own keys and crypto. Whatever your MyBTC.ca transactions, Koinly can help with your Bitcoin taxes in Canada. Here's how it works.
- Sign up to Koinly and choose your country (Canada) and currency (CAD)
- Connect MyBTC.ca with Koinly to import all your MyBTC.ca trades safely and securely
- Koinly categorizes MyBTC.ca transactions into gains, losses, and income
- Download your MyBTC.ca tax report from Koinly
- File your MyBTC.ca taxes online with the CRA or with your crypto tax accountant
Does MyBTC.ca report to the CRA?
MyBTC.ca is a regulated Canadian money service business (MSB). As such it must adhere to KYC and AML obligations and report to FINTRAC and potentially share data with other authorities like the CRA as required.
How to integrate MyBTC.ca with Koinly using CSV
It's easy to integrate MyBTC.ca and Koinly, all you need to do is upload a CSV file of your MyBTC.ca transaction history. Here's how to get your file.
How to export your MyBTC.ca transaction history CSV file
- Log in to MyBTC.ca
- In the top navigation, select account
- From the drop-down menu, select history
- Select the orders tab
- Scroll down to the bottom of the page and select export history
How to upload your MyBTC.ca CSV to Koinly
Now you've got your MyBTC.ca CSV file, here's how to upload it to Koinly.
- Sign up or login into Koinly and head to the wallets page
- Add a new wallet: MyBTC.ca
- Select import from file
- Upload your CSV file(s)
Important
When downloading your CSV files, check that the file covers your full trading history.
How do I troubleshoot my MyBTC.ca integration to Koinly?
We have lots of helpful resources if you're having any trouble:
- 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 or Reddit
- Contact us by email or live chat
- Got a feature request? Give us feedback on Canny
Calculate your MyBTC.ca taxes
Sign up free today to calculate your MyBTC.ca taxes
Does MyBTC.ca have tax documents?
No. MyBTC.ca does not issue tax documents for users. Instead, you can download a CSV file of your MyBTC.ca transaction history and either calculate your Bitcoin taxes yourself, or use crypto tax software like Koinly to do it for you.
How do I get my tax report from MyBTC.ca?
The easiest way to get a tax report from MyBTC.ca is to export a CSV file of your MyBTC.ca transaction history and upload this to a crypto tax calculator like Koinly. Koinly can calculate your taxes according to the CRA rules and generate your CRA crypto tax reports in no time at all.
Do I have to pay taxes on MyBTC.ca?
Yes. You have to pay taxes on your MyBTC.ca transactions. The CRA is clear that Bitcoin and other cryptocurrencies are subject to Income Tax. You can learn more in our Canada crypto tax guide.
Does MyBTC.ca provide financial or end of year statements?
No. My BTC.ca does not issue financial or end of year statements, but you can export your MyBTC.ca transaction history as a CSV file to get accurate records of your transactions.