Filing your crypto taxes is now a breeze for Canadians using Wealthsimple!

First, set up your Koinly account and import all of your data. See how to get started with Koinly and ensure your Tax Report is accurate

Once you have imported all of your data, you can head on over to Wealthsimple to start your tax return. There are two ways to add your crypto tax figures to the Wealthsimple tax return, an automatic method and a manual method.

To import your Koinly data to Wealthsimple, locate the crypto section on your tax report on Wealthsimple and click Import gains and losses.

You will then see the Terms page. At the top of this page, you will see the option to Sign in to your Koinly account.

This Sign in button is also accessible from the Settings page on the Wealthsimple crypto tax calculator.

🟡Note If you have already passed this page and are now in the Wealthsimple crypto calculator then you will see the same Sign in button at the top of the page.

Once you have logged into Koinly from Wealthsimple, your accounts are linked and you will be able to send the data from Koinly to Wealthsimple.

To do this, go to the Tax Reports page and locate the yellow Wealthsimple button. You can click this button to transfer your tax calculations over to your Wealthsimple tax return. Note that you need to be logged into your Wealthsimple account for this data to be transferred successfully.
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All the information needed to file your taxes can be found in the Complete Tax Report. You can generate this report from the Tax Reports section on Koinly and then fill in your Wealthsimple tax return like this:

On the capital gains page, you can input all of your crypto gains by adding the following information:
​Type: "Cryptocurrency"
​Description: "Crypto trading" or something similar
​Proceeds: This will be shown as Proceeds from sales in your report
​ACB: This will be shown as Acquisition Costs in your report
​Outlays: This field can be used for any deductible expenses. Koinly has included all of your expenses in the Expenses section of the report

You should also add your income to your tax report as Other investment Income
You will find your income in the Income Summary on your report. You can simply add this figure to the Total amount for this section. The type can be set to Other investment income