Corporate crypto tax (T2)
Corporate returns with complete disposition schedules tied to the subledger, provision work, and the crypto-specific disclosure the CRA increasingly expects to see.
Crypto Tax Accountant in Canada
CPA-led crypto tax work for Canadian companies and their founders: T2 and T1 filings with defensible crypto schedules, business-versus-capital classification, GST/HST positions, and representation when the CRA asks questions.
Schedule a consultCrypto tax in Canada
Tax positions the CRA has to accept, not overlook
CRA crypto tax enforcement has moved past the education phase: exchange production orders, audit letters built specifically for digital assets, and international data sharing that will only widen under the Crypto-Asset Reporting Framework. The cost of a weak classification or an unfiled form compounds every year it sits unaddressed. Our answer is filing and defense work done by the same CPA team that keeps crypto ledgers all year: positions taken deliberately, documented before filing, and supported by numbers that reconcile to the chain.
What we handle
Cryptocurrency tax accountant services for Canadian companies
Business versus capital classification
The single biggest driver of the bill. We analyze the facts, take a position, and document it in a memo before filing, instead of leaving the classification to be argued during a reassessment.
GST/HST on crypto activity
Trading, mining, NFT, and token launch activity each sit differently under the Excise Tax Act. We price the sales tax consequences into the structure and file the returns correctly the first time.
CRA audit defense and voluntary disclosure
Voluntary Disclosures Program applications for unreported prior years, audit response management, and workpapers built to end reviews early rather than prolong them.
Who we support
Who hires a crypto tax CPA
Corporations transacting on-chain or holding digital assets on the balance sheet. Funds and OTC desks whose volume makes classification unavoidable. Founders whose personal activity has reached business scale. Companies with unreported prior years that want the problem resolved before the CRA raises it. If the tax outcome turns on judgment rather than arithmetic, that is the work this practice is built for.
How it works
From transaction history to filed returns
-
Tax scoping call
Entities, activity types, filing history, and exposure mapped, with a fixed quote for the work before any commitment.
-
Transaction history and cost basis review
The numbers behind the return verified against wallets and exchanges, with gaps rebuilt and assumptions documented.
-
Classification memo
Business versus capital analyzed on the facts and documented in a position memo that travels with the file.
-
Returns, elections, and disclosures
T2 and T1 filings prepared with complete crypto schedules, plus the elections and disclosures the structure requires.
-
Year-round compliance calendar
Instalments, GST/HST filings, and information returns tracked through the year, so deadlines stop being discoveries.
Why Convoy
Filings that start from reconciled books, not shoebox CSVs
Most crypto tax problems are actually data problems. Our tax team works beside the bookkeepers who run crypto bookkeeping for 20+ entities every month, so returns start from a ledger that already reconciles to the chain. Cross-border wrinkles (a US subsidiary, an offshore issuer, a UAE entity) are daily work across the 8 jurisdictions our clients span, handled with our tax and compliance advisory practice. For the foundations, read our guide to crypto accounting in Canada, the rules on business versus investment classification, and what cross-border crypto compliance now requires.
National filings, local presence
We file for companies across Canada; the work is cloud-native and distance never slows it down. Prefer to sit across the table from your accountant? See our crypto accountant in Toronto and crypto accountant in Montreal pages. Mining or hosting operations have their own layer of tax and accounting questions, covered on our bitcoin mining accounting page.
Crypto tax questions Canadian companies ask
What does a crypto tax accountant do that tax software cannot?
Software computes numbers from whatever data it is given. A crypto tax CPA fixes the data first, takes a documented position on how the activity should be classified, prepares and signs the filings, and stands behind them if the CRA asks questions. The judgment calls, classification, valuation, and disclosure, are where the tax outcome is actually decided, and software does not make them.
Is my crypto activity business income or capital gains?
It depends on the facts: frequency of transactions, holding periods, financing, time spent, and intention. The answer roughly doubles or halves the tax on your gains, and it is the first thing the CRA challenges. We analyze the facts, take a position, and document it in a memo before filing, so the classification is defended by evidence rather than argued after a reassessment.
What happens if I have unreported crypto from past years?
The Voluntary Disclosures Program can provide relief from penalties and partial interest if a complete application is filed before the CRA contacts you or starts compliance action. Once a letter arrives, the door closes. We assess eligibility, rebuild the historical numbers, and manage the disclosure end to end. If you are considering it, timing matters more than anything else.
Does my corporation charge or pay GST/HST on crypto trading, mining, or NFT sales?
Trading in qualifying cryptocurrency is generally outside the GST/HST net because the assets are treated as virtual payment instruments. Mining follows its own rules under the Excise Tax Act, which generally deny input tax credits, and NFT and token sales can be fully taxable supplies. Each activity needs its own analysis, and the differences carry real cash consequences.
How does the CRA find out about crypto activity?
Through exchange production orders, international information sharing, audit questionnaires that now ask about digital assets directly, and the incoming Crypto-Asset Reporting Framework, which will deliver standardized data on Canadian users of foreign platforms. The practical assumption should be that the CRA can see the activity; the only question is whether your filings already explain it.
Do you prepare both corporate T2 and personal T1 crypto returns?
Yes, where the personal side is business-scale or connected to the corporate structure, which is the common pattern for founders. The practice is built for companies and their principals: corporate T2 filings with complete crypto schedules, and the T1 work that keeps the founder consistent with the corporate positions.
Document your crypto tax position before the CRA asks
Book a free consultation with a CPA who works with founders every day. We will map your accounting, tax, and CFO needs in one call.
Schedule a consult