Being Audited by the CRA for Crypto?
Don't respond to CRA alone. Get expert CPA support with crypto transaction analysis, tax calculations, audit response preparation and CRA representation.
How Metrics can help with your CRA audit or review
Crypto Tax & ACB Calculations
CRA Audit Review & Analysis
Audit Response & Documentation
Protecting Your Tax Position
CRA audit correspondence can have significant tax implications. Let our team review it before you respond.
CRA Audit FAQ
If CRA has contacted you about your cryptocurrency activity, it's important to understand what information they're requesting and why. Metrics CPA can review the CRA correspondence, analyze your crypto transactions and prepare a comprehensive response.
Don't respond to CRA before speaking with a crypto tax specialist. Your response can have significant tax implications, and providing incomplete or inaccurate information may create additional issues. Metrics CPA can review the CRA correspondence and audit materials, assess the issues being raised, and prepare a comprehensive response on your behalf.
A CRA crypto audit may involve reviewing cryptocurrency transactions, exchange records, wallet activity, gains and losses, income reporting and supporting documentation. The scope of the review will depend on the specific issues identified by CRA. The CRA often incorrectly categorizes transactions. Metrics CPA can correctly define these and provide support to the CRA to defend these misclassifications.
Metrics CPA can review CRA's audit findings and working papers, analyze the underlying cryptocurrency transactions and prepare supporting calculations and documentation to address an incorrect classification or tax treatment.
Consider working with a Canadian CPA or tax professional who specializes in cryptocurrency taxation and CRA audits. Metrics CPA provides specialized support for Canadian crypto tax audits, including transaction analysis, tax calculations, audit responses and CRA representation.
"I've been a happy client of Metrics for 4 years now, and I couldn't be more pleased with their service. I doubt any other Canadian firm could have navigated the complex nature of reconciling years of crypto activity against the CRA. They are professional, experts in their field, and their grasp of crypto-related tax policies in Canada are second to none."
"Leading edge business. Lean, professional, and personal service. This is where you want to be."
"First time user. After compiling my information and answering a few question Metrics took over my tax information for completion. I am very satisfied."
"The most professional and skilled accounting firm I've dealt with. The team were absolute legends and worked through the night to hit deadlines on time. Metrics is the best. Will be using them again."
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