How we help
- Capital gains vs. business income characterization
- Crypto-to-crypto, NFT, staking, and DeFi events
- Reconstruction of historical wallet activity
- Coordination with crypto-specialist accountants
CANADA'S TAX & BUSINESS LAWYERS
Avoid Problems on Unreported Cryptocurrency Transactions
We've got you covered!
Schedule a Consultation
We Have Helped Hundreds of Canadians Sort Their Undeclared Cryptocurrency Transactions
01.
Keep the Auditors at Bay.
02.
Handle the Auditor so You Don't Have to.
03.
Conduct the Audit in Our Office.
04.
Help Prevent Legal Issues and Penalties Against Undeclared Cryptocurrency Transactions
Unreported Cryptocurrency Transactions
Are you an active Cryptocurrency trader? Have you made money trading cryptocurrencies?
Did you know that the CRA has a cryptocurrency task force that uses a detailed cryptocurrency audit questionnaire designed to identify taxpayers’ unreported cryptocurrency transactions?
If you have unreported cryptocurrency transactions, then the VDP program may help provide relief from penalties and interest.
Having performed many hundreds of VDPs, many of which involved cryptocurrencies, Barrett Tax Law is extremely adept at handling your VDP to avoid penalties and lower interest.
Book a Consultation with a Lawyer
Unreported Cryptocurrency Transactions
Are you an active Cryptocurrency trader? Have you made money trading cryptocurrencies?
Did you know that the CRA has a cryptocurrency task force that uses a detailed cryptocurrency audit questionnaire designed to identify taxpayers’ unreported cryptocurrency transactions?
If you have unreported cryptocurrency transactions, then the VDP program may help provide relief from penalties and interest.
Having performed many hundreds of VDPs, many of which involved cryptocurrencies, Barrett Tax Law is extremely adept at handling your VDP to avoid penalties and lower interest.
Book a Consultation with a Lawyer
Avoid Legal Issues from Undeclared Cryptocurrency Transactions
CALL US TODAY 1-877-882-9829
What to expect when you call us
Your first call is a free, no-obligation consultation with a tax lawyer. We will review the details of your situation, explain your options under the Income Tax Act and CRA administrative practice, and give you a clear, fixed-fee quote if you choose to retain us. Your consultation is confidential, and once we are retained, communications are protected by solicitor–client privilege.
If you retain us, we begin work within 24 hours of being retained.
Frequently asked questions
Am I eligible for the Voluntary Disclosures Program?
Generally yes, as long as the CRA has not yet contacted you about the matter you wish to disclose, the disclosure is voluntary, complete, and at least one year overdue, and involves a penalty.
What happens if I do not disclose voluntarily?
If the CRA discovers the issue first, you face gross-negligence penalties (up to 50% of the tax owing), full interest, and potential criminal prosecution for tax evasion under section 239 of the Income Tax Act.
How long does a VDP submission take?
Drafting takes 2–6 weeks for most cases. CRA review typically takes 6–18 months. Interest continues to accrue until the file closes, but penalties and prosecution are off the table once you have an acknowledgement letter.