Cryptocurrency Taxation
Tinaylan is one of the few CPA firms offering in-depth expertise in cryptocurrency taxation for individuals and private corporations. Whether you're an individual investor, miner, staker, or a corporation holding digital assets, we understand the specific tax rules of this ecosystem.
Our Approach
Crypto taxation is a rapidly evolving field where general rules apply but edge cases abound. Every transaction — sale, exchange, purchase, mining, staking, DeFi, airdrop — has a distinct tax treatment. Our team combines traditional accounting expertise with deep knowledge of the blockchain ecosystem.
What We Handle
- Gains & Losses Calculation — Aggregating all your transactions, ACB calculation, T5008 or equivalent.
- Tax Return Preparation — Tax return (T1 or T2) including cryptocurrency income.
- Voluntary Disclosure — Regularizing undeclared years without penalty via the CRA program.
- Mining & Staking — Income qualification (business vs hobby), expense deductions.
- DeFi & NFTs — Tax treatment of decentralized finance and non-fungible token transactions.