ACBUSD20221230
ACB December 30 2022 Futures
crypto

Ben from CoinLedger here.
Yes, and in Canada it's essential since the CRA expects you to track adjusted cost base across everything, not just individual trades in isolation. Every buy needs the date, amount paid in CAD, and any fees, since those all factor into your cost base. Every sale needs the date, proceeds in CAD, and fees, so you can calculate the capital gain or loss.
Transfers between your own wallets aren't taxable, but you still want to log them since moving coins around without records is one of the main reasons people lose track of cost base entirely and end up guessing at tax time.
Because Canada uses adjusted cost base rather than something like FIFO, every purchase of the same coin blends into one running average cost. That means you genuinely need a complete transaction history from day one, not just the trades from this tax year, since a purchase from years ago still affects your ACB today.
Most people either keep a detailed spreadsheet from the start or use crypto tax software that pulls in exchange history via API or CSV. The earlier you start tracking, the less painful reconstruction becomes if the CRA ever asks for records.

Ben from CoinLedger here.
Yes, and in Canada it's essential since the CRA expects you to track adjusted cost base across everything, not just individual trades in isolation. Every buy needs the date, amount paid in CAD, and any fees, since those all factor into your cost base. Every sale needs the date, proceeds in CAD, and fees, so you can calculate the capital gain or loss.
Transfers between your own wallets aren't taxable, but you still want to log them since moving coins around without records is one of the main reasons people lose track of cost base entirely and end up guessing at tax time.
Because Canada uses adjusted cost base rather than something like FIFO, every purchase of the same coin blends into one running average cost. That means you genuinely need a complete transaction history from day one, not just the trades from this tax year, since a purchase from years ago still affects your ACB today.
Most people either keep a detailed spreadsheet from the start or use crypto tax software that pulls in exchange history via API or CSV. The earlier you start tracking, the less painful reconstruction becomes if the CRA ever asks for records.