Netcoins is a popular Canadian crypto exchange that lets investors buy, sell and trade popular cryptocurrencies like BTC, ETH, LTC, and USDT. Whatever your Netcoins investments, Koinly can help you calculate and report your crypto taxes to the Canada Revenue Agency. You just need a CSV file of your Netcoins transaction history - here's how.
The easiest way to connect Netcoins and Koinly if you're connecting for the first time is using the Netcoins' single sign-on feature. Just log in to Netcoins, select the cog icon, then my documents, and scroll to the bottom of the page where you'll see a button that says connect with Koinly where you can upload your file. Here's how to get your CSV file from Netcoins.
Good to know
Remember, you'll need your complete Netcoins transaction history - so make sure to select all time when generating your CSV file. This ensures Koinly can identify the cost basis of your crypto correctly and calculate your subsequent capital gains or losses accurately.
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No. Netcoins does not provide tax forms - but Koinly does! We teamed up with Netcoins to make doing your taxes easier than ever. All you need is a CSV file of your Netcoins transactions.
The easiest way to get your Netcoins tax forms is using a crypto tax calculator like Koinly. Just upload your Netcoins transaction history CSV file and Koinly will calculate your gains, losses, income, and more and generate a range of crypto tax reports, ready to file with the CRA.
Yes. Netcoins is registered as a Money Services Business with FINTRAC and is fully regulated and registered with the Canadian Securities Administrators (CSA) and the British Columbia Securities Commission (BCSC).
Yes. As a FINTRAC registered MSB, Netcoins may be required to share data with authorities including the CRA upon request.
It's easy to get your Netcoins transaction history as a CSV export. Go to my documents, then transactions, and set the filters to include all your transactions, then hit export.
Yes. The CRA is clear that if you have capital gains or income from crypto, you'll be liable to pay Income Tax on that amount.
No. Netcoins does not issue end of year or financial statements, but you can export CSV files of your transaction history covering given time periods.