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Your Blockchain & Cryptocurrency Accounting Specialists
Blockchain & Cryptocurrency Specialists
Canada’s cryptocurrency tax accounting firm. Forte offers a specialized crypto tax services in digital crypto currency to crypto tax filing.
We know the complexities around the accounting and the bookkeeping processes and systems. Let us do your business’ bookkeeping so you can focus on servicing your clients.
Send your trial balance and get your year-end corporate tax balance calculated for you. See how we can help with your business’ tax needs.
Digital Operations Analysts
Forte Innovations has worked with crypto currency, consumer services and manufacturing
Frequently Asked Questions
Yes. The CRA is actively conducting audits of those investing and trading in crypto-assets. In a 2020-2021 report, the CRA confirmed that it is continuing to improve its crypto-related compliance efforts by implementing specific measures.
Canadian cryptocurrency firm, Coinsquare, has been ordered by the CRA to release its user records. The CRA will verify compliance with the ITA and the Excise Tax Act. The pattern of the CRA’s audit activity points toward a continued increase in compliance measures surrounding crypto-assets.
The CRA also:
- improved how it traces cryptocurrency transactions through the use of surveillance software to establish a comprehensive picture of a taxpayers’ cryptocurrency activities
- obtained an unnamed persons requirement on a large Canadian Cryptocurrency Exchange, the information from which will be used to verify compliance with the Income Tax Act (ITA) and/or Excise Tax Act (ETA)