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Improving Cryptocurrency Recordkeeping With Koinly and CoinLedger

TaxPartners

The city of Canada has been imposing more reporting requirements on cryptocurrency investors and businesses. There is no longer an option for proper documentation. Such platforms as koinly and coinledger have become widespread instruments to plan crypto transactions, calculate gains, and prepare tax summaries. Although these tools are convenient in terms of automation and organising, appropriate supervision is required so that the end reports comply with the Canadian tax regulations.

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