Tax Forecast: Simpler Crypto Taxes with Newton & Koinly

At Newton, we believe in making cryptocurrency trading accessible for all Canadians. That’s why we’ve brought back our integration with Koinly again to help with your 2025 crypto taxes.

Why Koinly

If you’ve used Koinly before, you know it’s straightforward and built for crypto. It pulls in your Newton transactions and turns them into a tax report, so you don’t have to do it manually.

Crypto Taxes at a Glance

Crypto taxes can get complicated fast. Here’s what’s involved at a high level (this is a simplified overview, not tax advice):

1. Identify your taxable transactions.
2. Calculate your cost basis (and factor in rules like superficial loss).
3. Determine the CAD value of any crypto income when you received it.
4. Calculate gains and losses for each transaction.
5. Add everything up for your final totals.

It’s a lot. That’s where Koinly comes in.

Using Koinly with Newton

Here’s how to get set up:

1. Log in to Newton and go to Account.
2. Navigate to Statements & Reports → Tax Reports → Transaction History → Koinly.
3. Click Claim Offer → Connect to Koinly for a direct integration.
   a) Or download the Koinly-formatted CSV from Newton and upload it to your Koinly account (use code “NEWTON26”).
4. Download your tax report and file it with your annual tax return.

We recommend speaking with a qualified tax professional. Newton does not provide  individual or general tax advice.

A Few Things to Know

Free reports (with limits)

Koinly’s free plan covers up to 250 transactions total, not per year. If you go over that, you’ll need a paid plan.

Discounts for Newton users

• New to Koinly: 250 transactions free + 20% off any paid plan
• Already using Koinly: Use code NEWTON26 for 20% off (valid until April 30, 2026).

Get Started

To access Koinly, log in to Newton, go to Tax Reports, and follow the steps above.

‍