Our Services
Crypto calculations, tax filings, and reports built to be defensible.
Core Services
Crypto Tax Calculations
Classification of activity and a Canadian adjusted cost base, built to be reviewed rather than exported from software and filed. We use the facts of the activity to classify assets and trading as capital or income, then rebuild wallets, chains, exchanges, DeFi, mining, staking, NFTs, and foreign revenue to a Canadian cost base. Deliverables are gain and loss calculations across multiple wallets and exchanges, portfolio and token classification, and a defensible Canadian ACB for investors, traders, and companies. The output is the calculation file behind a return, a disclosure, or a report. It is not tax advice, a CRA filing, or an audit opinion.
Tax Advisory and Filings
Canadian crypto tax reporting and CRA compliance for individuals, corporations, and trusts. We prepare T1, T2, and T3 returns, with crypto reported on the right schedules, including foreign reporting such as T1135 and T1134 where the facts require it. Advisory sits on top the calculation file: capital versus income, business structure, multi-year planning, and how on-chain activity should be presented under existing CRA guidance. The return is prepared so the numbers and the classification can be explained. Audit defence and voluntary disclosures are separate engagements.
CRA Representation and Defence
Representation when a crypto file is already in front of the CRA. We act for individuals and corporations on reviews, audits, and proposals that turn on digital asset classification, cost base, unreported wallets or exchanges, foreign property, mining, staking, or DeFi. The work is the response: reconstructing the calculation, tying positions to existing CRA guidance, and putting a defensible record in front of the auditor. We do not replace counsel on a dispute. We supply the specialist file the representation stands on.
Voluntary Disclosure Program Filings
CRA Voluntary Disclosures Program filings for unreported or misreported crypto. We scope the years, wallets, exchanges, and foreign venues in the disclosure, rebuild the Canadian cost base, and classify the activity so the package matches what the program asks for. The filing includes the calculations, the returns or adjustments, and the narrative of what was missed and how it was corrected. It is for clients who are not yet under audit and want the disclosure made before the CRA finds the gap.
CSRS 4400 Reports
Agreed-upon procedures reports under Canadian Standard on Related Services 4400, used when a crypto balance, cost base, or valuation has to be tested rather than merely stated. Typical use is family law, estate, and shareholder disputes, and any matter where holdings or values will be challenged. Procedures are agreed in advance: wallet and exchange existence, on-chain transaction testing, ACB recomputation, and valuation inputs. We report factual findings. We do not give an audit opinion or a fairness conclusion. The report is what makes the number refutable.
IFRS Digital Asset Audit Specialist Services
Specialist support for auditors who need the digital asset section of an IFRS file done to a standard they can stand behind. The auditor keeps the client and the opinion. We take the section: blockchain reliability memos, design and implementation of internal controls, on-chain validation of transactions, staking income reasonability, valuation testing, accounting policies, and note disclosures. Coverage includes treasuries, payments, tokens, and mining or staking subsidiaries. Deliverables are workpapers and specialist memoranda, not the audit report.
Web3 Financial Statements
Books and reporting for Canadian Web3 companies that have to face shareholders, a board, a buyer, or an auditor. We bring structure and policies, keep the ledger for treasuries, token payments, mining, staking, DeFi, and NFT activity, and we produce current financial statements and audit workpapers that can survive diligence, audit, the CRA, and a detail-oriented shareholder. Finance teams also get support on modelling, cap tables, token compensation, and capital raises. Experience includes mining, exchanges, DeFi, and NFT projects. Audit representation and tax filings are separate engagements.
Most clients arrive with crypto in the file. The work around it is not all the same.
Holders and traders.
Wallets, exchanges, DeFi, mining, or staking, and a personal return that matches the cost base.
Founders and token teams.
Token compensation, a launch, a model for a raise, and a contract CFO when the finance seat is empty.
Companies that need statements.
A lender, investor, or purchaser has asked for a compilation, a review, or agreed-upon procedures.
CPAs and auditors.
A specialist on the digital-asset piece: calculations, reconstruction, and working papers your file can rely on.
Disputes.
A CRA letter or audit, a GST/HST assessment, or a separation or estate where the crypto has to be traced.
More than crypto services
Assurance and reporting.
- • Compilation engagements (CSRS 4200)
- • Agreed-upon procedures (CSRS 4400)
- • Review engagements
- • Forensic data reconstruction
Tax advisory.
- • Incorporation and section 85 rollovers
- • Corporate structuring and reorganizations
- • Token options and RTU advisory
- • Token launch and ICO advisory
- • Mergers and acquisitions
- • Cross-border tax planning
- • Immigration and emigration
Web3 finance.
- • Contract CFO and CFO support
- • Financial modeling and reporting
- • Cash flow and runway
- • Fundraising support
- • Board and investor reporting
Tax services.
- • CRA letter responses
- • CRA audit defence
- • GST/HST advisory, filings, and defence
- • Policy advocacy for digital asset finance and taxation
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FAQs
The CRA generally treats cryptocurrency as either a capital gain or business income, depending on the nature of the transaction and your activities. Selling, trading, or spending crypto can trigger tax reporting obligations. Metrics CPA helps you determine the correct tax treatment, calculate your adjusted cost base (ACB), and accurately report your crypto transactions to meet CRA requirements and avoid overpaying tax.
Absolutely! Metrics CPA specialises in crypto accounting, including complex portfolios with multiple wallets, exchanges, and thousands of transactions. We're experienced in working with complex data, untangling tricky transaction histories, and handling files that can be difficult to process.
Book a meeting with Metrics CPA to discuss your portfolio and find out how we can help.
Yes. After an initial discovery call, Metrics CPA will review your files and provide a high and low estimate for the services required. All files are assessed and estimated before work begins, so you know what to expect and there are no unexpected costs.
If we identify missing information or anything that may affect the scope of work, we’ll communicate any changes to the estimate before proceeding.
To get started, we will need:
- Transaction reports: CSV exports from all your exchanges and wallets, or an aggregated transaction report if available.
- Wallet addresses: Public addresses for wallets used for DeFi or other on-chain activity.
- Additional context: Any notes about your crypto activity that may help us understand your transactions.
Metrics CPA uses this information to help calculate your crypto taxes and ensure accurate reporting. If you’re unsure where to start, our team is happy to help.
Metrics starts with a free consultation to understand your crypto activity and the services you need. Our onboarding specialist will then provide access to secure Google Drive folders, along with instructions for uploading your records.
We typically request CSV transaction reports from exchanges and wallets, as well as public wallet addresses for DeFi activity. We may also request wallet balance snapshots or exchange statements to verify your records.
Our team will guide you through each step to make the process as straightforward as possible.
Yes, Metrics CPA provides cloud-based accounting and tax services to individuals and corporations across all of Canada. While our physical headquarters is in Victoria, BC, our entirely digital and highly secure workflow allows us to seamlessly manage your tax planning and filing no matter which Canadian province you are located in.
Yes, Metrics CPA specializes in corporate accounting and financial strategy for Web3 companies. We advise finance teams on implementing digital asset accounting systems, corporate restructuring, tax-efficient strategies, and scaling your blockchain business with full regulatory integrity.
If the CRA reviews or audits your crypto tax returns, you should immediately engage a specialized crypto accountant for representation. Metrics CPA provides comprehensive review and audit advisory services, meaning we communicate directly with the CRA on your behalf, supply the necessary blockchain data, and work to resolve the audit efficiently.