CoinRabbit x Summ

We're offering 10% off your first year for all Rise customers who sign up to Summ (formerly Crypto Tax Calculator).*
‍
With support for over 3,500 exchanges, wallets and blockchains, Summ was built to handle everything from exchange trading to complex on-chain activity, including DeFi and NFTs.

Import your exchange transactions with a single click, and seamlessly transform your crypto activity into CPA approved tax reports. *Terms apply

Get started for free

*Discount on first year only. Only available to new customers.

Accurate crypto taxes. No guesswork.

Accountant-endorsed tax reports.

Follows CRA tax guidelines

TurboTax

4.6 Stars on TrustPilot

Official partner OFFER

25% discount on paid plans*

Claim offer

*Discount on first year only.

Official partners

KNOW WHERE YOU STAND

Connect accounts

Link your wallets and exchanges instantly.

Review transactions

Import your transactions with a single click.

Three transaction cards showing: Buy 1.142 Ethereum on 16 Oct 2024, Transfer 3.636 Bitcoin on 01 Nov 2024, and Trade 2.192 Solana on 22 Nov 2024.

Get tax report

Generate a compliant report in minutes.

Get started for free

expertly tamed taxes

Unified tracking and tax reporting for all your crypto assets across exchanges and wallets.

Built to support local tax guidelines

Customisable tax settings let you tailor your report to match your local tax rules.

Automated compliance

Fully automated from start to finish. Seamlessly import all your transactions, follow the automated workflow and get your audit-proof tax reports with ease.

Pay the least tax possible

Least Tax First Out is an exclusive algorithm that optimises your crypto taxes by using the asset lot with the highest cost basis whenever you trigger a disposal event.

Have you tried @summ_app? I had good luck with it but yeah definitely needs manual reviews but automates most of them.

notJohn

@n0tJohn

7 Jan

For anyone else like me who nearly rage quit doing their crypto taxes, check out @summ_app. Totally saved my sanity...

Nino Vargas

@niniterre

14 Jan

That time of the year to go through transactions and make sure they are listed properly for tax purposes. Not fun when you have a lot of wallets but @summ_app makes it this much easier for you.

Jules- 🟧⛈️🟣

@julestrades

23 Dec

Unlike other tax items where you have to wait for 1099s' or bank statements, you can code all of your Crypto and Defi as soon as the ball drops on new years and get a good estimate of where your taxes lie. [Summ] is still my first recommendation for tools.

Smoky Tax

@smoky_tax

18 Dec

I literally could not function without [Summ]. I've got multiple assets on multiple blockchains doing 5-10k transactions a year. Doing that by hand would be pure insanity.

CorrectsYourBS I NOM

@CorrectsYourBS

13 Jan

Just did my crypto taxes with [Summ] and got my report summary. Overall, very pleased with the process! Highly recommend if you have not yet decided on what crypto software to use. Did my taxes in a few hours and going to my tax guy tomorrow.

CozShesDead.eth

@CozShesDead88

26 Mar

Called my tax accountant to warn him there will be some crypto and NFT stuff this year. His reply wasn't what I expected: “No worries, know all about them! My 13 yo daughter creates NFTs and sells them on OpenSea. And we use [Summ] for our clients” Boom! I chose well 💥💥

Liya Dashkina

@liyadashkina

31 Mar

A cryptid is tentatively back from hiatus but will be keeping update frequency low rn. Uncle Sam unretired me 4 a mission to JPN so had to finish taxes early. Got it done thx to [Summ]. I have no affiliation w/ them. Pls just keep it alive🙏

Crypto Kryptid

@CryptoKryptid

11 Apr

Best Crypto tax Software? after importing data onto Koinly, [Summ] and ZenLedger, the clear winner had the best UI. [Summ] is the winner...

LukeJ.eth

@LukeJdoteth

16 Mar

CoinRabbit x Summ

We're offering 25% off your first year for all CoinRabbit customers who sign up to Summ (formerly Crypto Tax Calculator).*
‍
With support for over 3,500 exchanges, wallets and blockchains, Summ was built to handle everything from exchange trading to complex on-chain activity, including DeFi and NFTs.

Import your exchange transactions with a single click, and seamlessly transform your crypto activity into CPA approved tax reports. *Terms apply

Learn More

*Discount on first year only. Only available to new customers.

Official partners

TRACK EVERY MOVE, CATCH EVERY GAIN

Automatically identified
tax-saving

All your transactions clearly grouped with your potential savings highlighted.

All in one portfolio tracker

Track your entire portfolio, PnL and tax liability all in the same place.

Cryptocurrency portfolio dashboard showing icons for Ethereum, Bitcoin, and Solana above a balance of $89,436.27 with overview tab selected.

Built for speed

Optimised interface for bulk operations with keyboard shortcuts.

Full tax calculation transparency

See the exact breakdown of how each transaction is calculated.

Complete DeFi support

Tracking and tax reporting for all your crypto assets across all exchanges and wallets.

Altcoin pricing oracle

300k+ currencies priced accurately on import, with prices for all micro-cap coins.

Grid of nine connected circular icons showing logos of popular crypto tokens including Orca, The Graph, Axie Infinity, ImmutableX, Shiba Inu, Decentraland, Bitkub Chain, Wanjiku Inu, and Rare Penguin.

Get started for free

Every tax report you need

Turn even the most chaotic trades into tax reports your accountant can understand instantly. Or better yet, file them yourself directly.

Get your report now

Download a sample report

TurboTax

TurboTax PDF

Capital gains

Income

Expenses

Audit report

+8 other detailed reports

Frequently asked questions

Quick answers to some of your most common questions.

How does the CRA treat cryptocurrency for tax purposes?

The Canada Revenue Agency (CRA) views cryptocurrency as a commodity, similar to a precious metal like gold. This means it's not considered legal tender like the Canadian dollar. How your cryptocurrency transactions are taxed depends on why you're using it. If you occasionally buy and sell cryptocurrency for investment purposes, any profits or losses are generally considered capital gains or losses. On the other hand, if your activities are more frequent, involve mining or staking, or are done with a profit motive, your cryptocurrency transactions may be considered business income or losses. The CRA requires you to report all taxable cryptocurrency transactions. This includes selling cryptocurrency for Canadian dollars or another cryptocurrency, using cryptocurrency to buy goods or services, receiving cryptocurrency as payment, and earning cryptocurrency from mining or staking. Failing to report these transactions can result in penalties or audits.

What are the tax implications for crypto-to-crypto trades in Canada?

The CRA considers crypto-to-crypto trades as dispositions. This means each trade triggers a capital gain or loss, even though you haven't received any Canadian dollars. To calculate the gain or loss, determine the adjusted cost base of the cryptocurrency you're disposing of and calculate the proceeds of disposition using the fair market value (in Canadian dollars) of the cryptocurrency you're acquiring.

Do I need to pay GST/HST on cryptocurrency transactions?

GST/HST may apply to cryptocurrency transactions in certain situations. If your business accepts cryptocurrency as payment for goods or services, you need to charge GST/HST. The tax is calculated on the fair market value of the cryptocurrency at the time of the transaction. Since the CRA treats crypto as a commodity, accepting it as payment is considered a barter transaction. Both parties involved in the barter may need to account for GST/HST. GST/HST generally doesn't apply to personal cryptocurrency transactions unless your activities are considered a business.

What happens if I fail to report cryptocurrency on my taxes in Canada?

Failing to report your cryptocurrency transactions can have serious consequences. The CRA can impose penalties and charge daily compound interest on any unpaid taxes. You may be subject to a tax audit, and in severe cases, you could face criminal charges. If you realize you made a mistake or omission on your tax return, you can correct it through the CRA's Voluntary Disclosures Program. This allows you to come forward and disclose the information before the CRA starts an audit. It's always best to be proactive and report all your cryptocurrency activity accurately and on time.

How does the free trial work?

The platform is free to use immediately upon signup, allowing you to import your transactions and take advantage of our smart suggestion and auto-categorization engine, portfolio tracking, DeFi and NFT support. For access to reports, the tax loss harvest tool or chat and priority support, you will need to upgrade to the appropriate paid plan.

WE HAVE YOU COVERED

Don’t waste hours combing block explorers and drowning in spreadsheets - import transactions automatically from over 3,500+ sources.

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Stay sharp,‎‎
stay connected

Crypto 101, guides and product updates.

View the full tax guide

Guide

30 September 2025

Canada Tax Guide

Unsure about your crypto tax obligations? This comprehensive guide helps you understand and file your crypto taxes in Canada.

Min read

Read full article

Blog

20 November 2023

Tax Loss Harvesting in Crypto

How to use your crypto losses to offset your gains with tax loss harvesting.

Min read

Read full article

Integration

11 December 2024

How to Report Your Coinbase Taxes in 2025

Learn how to seamlessly integrate your Coinbase account with Summ

Min read

Read full article