Canadian Tax Payers Getting Some Attention
A Canadian start-up company, named Coinsmart, is a platform designed to help Canadian tax payers become (more) compliant in reporting in relation to cryptocurrency. Although there are various companies popping up, there were none specific to Canadians. Thus, Coinsmart stepped up.
The Coinsmart platform is not only designed for Canadians actively in the crypto space but even those that are curious or dabbling within it. With this in mind, Coinsmart was designed as an easy to use platform for any degree of knowledge in the space.
The platform will help Canadians resources and 24/7 live customer support to help facilitate the tax-time reporting on what is taxable including any capital gains.
CEO of Coinsmart, Justin Hartzman, believes that the Canadians in the cryptocurrency market are grossly under served and hopes to break past this barrier with his platform. The goal, is that Coinsmart brings back a personal touch that Canadians are used to in the finance industry which also includes the tools and support services required for their unique reporting.
The goal is for cryptocurrency enthusiasts in the Canadian markets be made to feel safe, comfortable and secure.
Coin Purchases Are Made Without Needing BTC Or ETH
When Coinsmart launched, and to today’s date, Canadians can purchase coins using a simple money transfer in their own currency without having to navigate their way through exchanges and various transactions in foreign currencies. In doing so, this allows them to create transactions through crypto assets without the need for BTC or ETH. This is a great move for the Canadian market and while Coinsmart will take care of things on the back end of these transactions, Canadians will find a much more seamless process.