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    Tax software review · 2026

    Koinly Review for Canadians (2026): The Verdict

    Koinly is the most popular crypto tax tool among Canadian users — for good reason. It imports directly from every major Canadian exchange, handles the CRA-required ACB cost basis method, and outputs a Schedule 3 report you can drop straight into your T1. Here's whether it's worth the $65–$260 price tag.
    BB

    BuyBitcoin.ca Editorial Team

    Canadian crypto researchers · methodology

    Updated August 11, 2026
    Reviewed every quarter
    Affiliate disclosure

    Our verdict

    Koinly: Best all-round Canadian crypto tax software

    4.8/ 5

    If you're a Canadian who trades on more than one exchange, or holds through staking/airdrops, Koinly saves you 10–30 hours of spreadsheet work every tax season for CA$65–260 depending on volume. The free tier lets you see your gain/loss report before you pay.

    What's great

    • Direct integration with every major Canadian exchange
    • Correct ACB (not FIFO) cost basis method
    • CRA-formatted Schedule 3 report
    • Free until you download the tax report
    • Handles staking, mining, airdrops, DeFi

    What to know

    • Pricing in USD on their site — CAD conversion at checkout
    • DeFi support is good but not as deep as CoinLedger
    • Higher tiers required for >3,000 transactions/yr
    • Manual review still needed for unusual transactions
    Try Koinly free

    What Koinly does

    Koinly is a Canadian-friendly crypto tax platform that pulls all of your transactions in one place — from exchanges, wallets, DeFi protocols, NFTs — and calculates your capital gains and income according to CRA rules. It outputs a report your accountant (or you) can drop directly into a T1 Schedule 3.

    Pricing for Canadians

    PlanTransactions/yrCAD priceBest for
    FreeUnlimited (preview only)$0Anyone previewing before paying
    Newbie100~$65/yrOnce-a-month buyers on 1–2 exchanges
    Hodler1,000~$130/yrRegular traders across multiple platforms
    Trader3,000~$260/yrActive traders + DeFi users
    Trader Pro10,000+~$400+/yrVery active traders, some DeFi/NFT power users

    How Koinly handles the CRA's ACB rule

    The CRA requires the Adjusted Cost Base (ACB) method for identical crypto property held as capital property. Koinly re-averages your cost per unit every time you buy more, which is exactly what the CRA wants. It also correctly handles the superficial-loss rule (you can't claim a loss if you or an affiliated person rebuys the same asset within 30 days).

    Alternatives to consider

    • CoinLedger — better for very high-volume DeFi and NFT users. Similar price. Direct integration with TurboTax.
    • Divly — best if you moved to Canada mid-year and need multi-country tax support.
    • Manual spreadsheet — free but breaks the moment you have more than 20 trades. Not recommended.

    Frequently asked questions

    For most Canadian users, yes. Koinly imports directly from every major Canadian exchange (NDAX, Bitbuy, Shakepay, Wealthsimple Crypto, Newton, Kraken), handles ACB (adjusted cost base) correctly, and produces a T1 Schedule 3-ready report. CoinLedger is a strong alternative for high-volume DeFi users.

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