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.
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.
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.
Now you've got your MyBTC.ca CSV file, here's how to upload it to Koinly.
When downloading your CSV files, check that the file covers your full trading history.
We have lots of helpful resources if you're having any trouble:
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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.
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.
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.
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.