If you trade crypto in Canada, you already know tax season can feel overwhelming. Wallets, swaps, staking rewards, NFTs, bridges, gas fees… it adds up fast. No surprise so many investors end up searching for Koinly alternatives that are easier to use, more affordable, or better suited for Canadian ACB rules.
With so many Koinly competitors now offering automated imports and cleaner reporting, it has never been a better time to explore your options and find a tool that actually fits the way you trade.
Whether you are a casual investor or someone with thousands of on-chain transactions, the goal is simple: choose crypto tax software that is accurate, stress free, and trusted for Canada Revenue Agency (CRA) filing. This guide breaks down the top choices and explains how to pick the right platform for your situation. Let’s read on.
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Top Crypto Tax Platforms to Consider
Let’s take a quick look at the most reliable crypto tax software options that Canadians use as Koinly alternatives.
cryptact
cryptact is a high-capacity crypto tax software platform with automated detection for trades, staking, swaps, NFTs, LP positions, and token bridges. It supports Average Cost Basis (ACB), which is required for CRA reporting, and it handles very large transaction volumes without limits on exchange connections.
cryptact offers API sync for more than 30 exchanges, wallet-level imports for on-chain activity, and strict reconciliation tools that identify missing cost basis or unlinked transfers. Its portfolio dashboard provides real-time valuations, unrealized gains, historical performance, and full multi-exchange balance tracking.
Cryptact’s pricing is also more reasonable than Koinly’s. While Koinly uses a one-time purchase model for each year’s report, Cryptact offers an annual subscription model. With just a single payment, you can generate unlimited reports for previous years.
These capabilities make cryptact the most complete option for users searching for Koinly alternatives.
Key points
● Supports ACB, FIFO, and LIFO for Canadian tax rules
● Advanced DeFi and NFT recognition
● API sync and wallet imports with automated classification
● Real-time portfolio analytics and multi-year history
● Handles high-volume trading workloads
● The annual subscription unlocks profits & losses calculations and report downloads across all tax years
cryptact is the strongest overall choice among the best Koinly alternatives for users who need technical accuracy, automation, and high transaction capacity.
CoinLedger
CoinLedger is another option among Koinly competitors and focuses on producing CRA-compatible summaries. It supports exchange API sync, CSV imports, and wallet-address detection for EVM chains.
Its tax engine supports ACB calculations, generates capital gains summaries, and creates reports compatible with Schedule 3. Canadian users often compare Koinly vs CoinLedger when they want a simple workflow and basic portfolio tracking.
Key points
● Creates CRA-aligned capital gains and income summaries
● Supports ACB cost basis
● Imports via API, CSV, and wallet addresses
● Basic portfolio tracker included
● Useful for small and mid-sized portfolios
CoinLedger is a practical option for users who want something simple and direct without complex analytics.
CoinTracker
CoinTracker combines automated imports with full portfolio tracking and is often compared in Koinly vs CoinTracker discussions. It syncs with over 500 exchanges and wallets, classifies staking rewards and airdrops, and detects reconciliation issues like missing cost basis.
It generates CRA-friendly gain and income summaries and supports ACB. Its tracking dashboard includes unrealized gains, asset allocation, and multi-year performance data.
Key points
● Automated sync with 500+ exchanges and wallets
● ACB support for CRA rules
● Portfolio dashboard with historical data
● DeFi recognition for common EVM platforms
● Error detection for unmatched transfers
CoinTracker is suitable for users who want year-round asset tracking combined with tax reporting tools.
TokenTax
TokenTax is a software system paired with optional CPA services. It supports ACB and exports profit and loss summaries that accountants can use for CRA filing.
The platform handles spot trading, staking, yield farming, and derivatives, and it generates country-neutral tax reports for cross-border users. It is often reviewed in Koinly vs Token Tax comparisons by users with complex trading activity.
Key points
● Supports ACB for Canadian reporting
● Handles derivatives, DeFi, staking, and NFT activity
● Produces tax summaries for international use
● Manual and automated data import options
● CPA assistance available for complex situations
TokenTax is useful for users who have advanced or non-standard activity and want structured output for accountants.
CoinTracking
CoinTracking is a data-rich tool known for its detailed audit logs and extensive reporting. It supports imports from over 300 exchanges, includes batch editing features for CSV files, and supports ACB cost basis.
The platform provides more than 25 analytical reports covering trade history, asset distribution, and realized versus unrealized gains. It is often chosen by traders who want deep reporting rather than a simpler automated workflow.
Key points
● Reports for realized gains, performance, and asset distribution
● Supports ACB for Canadian calculations
● Imports via API or CSV
● Portfolio analytics across multiple years
● Works with complex trade histories
CoinTracking provides detailed data views suitable for users who prefer extensive analytics instead of simple dashboards.
Summary Table
How to Choose Crypto Tax Software
Selecting the right crypto tax software matters, especially when you want reliability, automation, and proper Canadian ACB cost-basis calculations. A few key features can help you decide. These criteria also happen to be strengths that cryptact already provides, which is why many users consider it among the best Koinly alternatives today.
What to look for
1. High transaction capacity: Active traders need a tool that handles large volumes of transactions without choking. Look for flexible limits, accurate imports, and strong DeFi/NFT recognition.
2. Accurate ACB cost-basis support: Canada requires Adjusted Cost Base accounting. If a tool cannot calculate ACB correctly, your tax report will be wrong.
3. Reliable API and wallet imports: Automated API syncing reduces manual CSV uploads and mistakes.
4. Portfolio tracking in real time: Live portfolio dashboards save time and help you understand gains and losses before tax season arrives.
5. Clean exports for CRA filing: Even if a tool does not autofill CRA forms, it should generate clean, accountant-ready reports.
6. Strong DeFi and NFT classification: Canadian users increasingly interact with staking, swaps, liquidity pools, and NFT marketplaces.
These criteria help answer the core questions investors often ask, such as is koinly worth it for crypto tax filing or whether there are cheaper alternatives to Koinly that handle the same level of complexity. For many users, cryptact checks the most important boxes while staying accessible and accurate.
Final Words
For Canadians searching for crypto tax software alternatives, there is no shortage of choice. cryptact stands out with strong automation, accurate ACB handling, and high transaction capacity.
Other platforms offer their own strengths, and comparing them helps users decide how to choose crypto tax software efficiently. Articles like this make it easier to understand what are the best Koinly alternatives in 2025, especially as more investors want affordable crypto tax software that works reliably across exchanges, wallets, and chains.
The important thing is to choose a platform that handles your transaction types, supports ACB, and gives clean CRA-ready reports. With the right tool in place, tax season becomes simpler, faster, and far less stressful.
If you want a reliable and affordable crypto tax software option with strong automation and high accuracy, cryptact is an excellent place to start. Check it out cryptact today and see for yourself!
