Crypto Tax Lawyer, led by Rotfleisch and Samulovitch P.C., is a full-service crypto tax law firm that assists individuals, businesses, and organizations of all sizes with all of their cryptocurrency-related tax issues.
Cryptocurrency and NFT transactions must be reported to the CRA, even for individuals who trade cryptocurrency as a hobby, and we provide both crypto tax planning and tax litigation services to assist with these matters. We can fight on your behalf with the CRA and help you avoid Canadian crypto tax problems in the future.
What Our Cryptocurrency Tax Law Firm Can Do for You
Our tax planning and tax litigation services will help you challenge the CRA when facing a crypto tax audit or an arbitrary assessment. We can help you plan the most advantageous way to file crypto taxes, including restructuring your business, and filing unreported income earned from NFT or crypto transactions.
Crypto Tax Planning Advice
We provide individual and corporate tax planning advice to help you minimize the amount of taxes you pay on NFT or cryptocurrency transactions through a variety of solutions. This includes income splitting, claiming your capital losses, trading crypto through a Canadian-controlled private corporation, and more.
Bring Your Crypto Tax Filings Up to Date
Many individuals either don’t know that they should or forget to report NFT and crypto transactions on their taxes. We can help you bring your crypto tax filings up to date through the CRA Voluntary Disclosure Program to avoid penalties for unfiled taxes.
Represent & Advocate in CRA Crypto Audits
A CRA tax audit can be intimidating and overwhelming. Our team is prepared to represent your best interests and challenge the CRA when facing an audit for cryptocurrency transactions.
Negotiate with CRA Crypto Collections
The CRA is not authorized to reduce the amount of tax that you owe. However, you can appeal the CRA’s assessments and challenge them on the amount that you owe with the help of a crypto tax lawyer.
Help Making a Voluntary Disclosure for Unreported Crypto Income
The Voluntary Disclosure Program is a way for taxpayers to correct previously filed tax returns and voluntarily report taxable income that was not reported in previous years. Through the Voluntary Disclosure Program, applicants can avoid the harshest penalties for tax evasion. You can use the VDP to bring your taxes up to date if you did not report NFTs or crypto on your taxes.
Appeal to the Tax Court of Canada
Once you have received a Notice of Confirmation regarding a tax assessment or tax reassessment following an audit, a Canadian crypto tax litigation lawyer can file a Notice of Appeal with the Tax Court of Canada if you disagree with the assessment.
File Notices of Objection to Challenge Unfair Crypto Tax Assessments
If you’ve received an unfair crypto tax assessment from the CRA, don’t ignore the problem. Delaying can mean you’re stuck with the problem. You must file a Notice of Objection within 90 days of the assessment being sent. Talk to your crypto tax lawyer immediately if you wish to challenge the CRA.
Provide Advice on International Crypto Tax Law
Owning crypto or NFT's held or deposited overseas can create an even more complicated tax situation. Canadian residents must report offshore income, including income generated from crypto transactions. Get help with international crypto tax law and offshore income from a crypto tax lawyer.
Contact Our Crypto Tax Law Firm Today
David Rotfleisch and Samulovitch P.C. will help you with NFT and crypto tax planning, challenging the CRA, and Tax Court appeals. If you need help with crypto taxes, contact us for strong tax representation and crypto tax advice.