METRICS has been involved in cryptocurrency advisory & taxation in Canada since early 2016, providing services to individuals and corporations looking to comply with CRA requirements and engage in tax planning to develop the most efficient tax plan. This ensures that our clients are not only on-side with the CRA, but are doing so in the way that most protects their wealth. We have provided consulting services on taxation and crypto asset management and bookkeeping to big 4 firms and smaller boutique agencies, as well as advised clients on the setup of their own cryptocurrencies. METRICS is the leader in taxation and advisory of cryptocurrency treatment.

Services include but are not limited to:

  • Analysis of capital vs. income transactions
  • Calculation of profits/losses for tax purposes
  • Mining income calculation
  • Consulting & Advisory to other accounting firms 
  • Tax planning for crypto purchases/sales
  • Detailed reporting to CRA on capital gains/losses or income transactions 
  • Cryptocurrency audit defense
  • Advisory on cryptocurrency creation & setup for tax structure
  • Incorporation for traders and tax rollovers 
  • Security and technology advisory for tax purposes
  • Structuring of corporate entities and cryptocurrency business setup
  • CFO and consulting services 
  • Financial strategy for blockchain companies

Example of projects handled by Metrics:

  • Setup of corporation to transfer personal crypto portfolio in $10MM range for tax effectiveness on operations on a tax free basis
  • Gain/loss calculation for multimillion dollar portfolio of long time investor in bitcoin and ethereum, 
  • Calculations of profits/losses for automated day trader using trading bots
  • Tax planning for $4MM portfolio of long-term investor to pass wealth down through family in a tax-effective manner
  • Calculation of gains/losses on $2MM+ portfolio sourced by big 4 firm that was unable to calculate
  • Tax planning for crypto investor to sell assets and buy a home with proceeds
  • CRA Audit defense of long-time bitcoin investor in the $2MM range 
  • CFO services for a blockchain enabled online voting company. 
  • Advisory related to blockchain platform cryptocurrency compensation setup
  • Payroll in cryptocurrency for employees – Calculation and CRA compliance
  • Calculation of mining income for crypto-mining farm on an annual basis
Kyle Mackenzie

DeFi and Why It Matters

We’ve written a few articles about cryptocurrency and its effects on Canadians and the world and those articles have mainly focused on what blockchain is and does. However, a big part of [...]
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