We've updated how superficial losses are calculated for Canadian users. This may affect how some information appears in your tax reports.
A superficial loss is when you sell a crypto asset at a loss and buy the same asset again within 30 days. The CRA may not allow that loss to be claimed for tax purposes right away. We've improved how CoinTracker identifies and applies this rule.
Does this change impact me?
Your tax advisor can help you review your transaction history to confirm whether this update is relevant to your situation. If you choose to apply the update to past tax year(s), you'll need to unfreeze your transactions for the relevant tax year(s).
Still have questions?
Visit our help article for more details on how superficial losses work. For personalized guidance on your tax situation, we recommend consulting your tax advisor. If you still need help, contact our support team.