vs
Koinly vs CoinLedger for Canadian Crypto Tax
Last reviewed 25 August 2026 · Assessed against each product’s own documentation · By the CryptoNorth Team
Koinly, on one specific point. It is the only one of the two whose documentation states that the software applies the adjusted cost base method together with the superficial loss rule for Canadian users.[1] That pairing is what a Canadian return actually needs.
Price is not the deciding factor. Both are free to import and preview, then $49 to $199+ USD per tax year.[2][4] CoinLedger has a 10% code and a refund window; Koinly does not.
Koinly and CoinLedger both pay CryptoNorth a commission, so we earn either way. The verdict rests on one checkable thing: whether each company documents that its software applies the superficial loss rule. Follow the source links and judge for yourself.
The honest limit of this comparison: we assess documented capability, not hands-on filing. We have not filed a Canadian return through both and compared the output. It is possible CoinLedger handles superficial losses correctly and simply does not say so.
The one difference that decides it
Canada needs two things from tax software, and most tools built for a US audience only do the first: average-cost ACB rather than FIFO, and the superficial loss rule that denies a loss if you rebuy within 30 days either side of a sale.[5]
States plainly that it supports the adjusted cost basis method with the superficial loss rule for Canadian users, and calls it the only cost basis method the CRA allows.[1]
Correctly states the CRA requires ACB, and explains the superficial loss rule in its own guide. We checked two of its Canadian pages and found no statement that the software applies that rule for you.[3]
This matters most if you sell at a loss and rebuy, which is common in a falling market. Get it wrong and you claim a loss the CRA will deny. If you are set on CoinLedger, ask their support directly whether the software applies the rule before you rely on the numbers. See how the rule works.
Head to head
Both price in US dollars, so Canadians pay an exchange rate on top of the sticker.
Where CoinLedger is the better buy
- It is cheaper in practice. Same list price, but code CRYPTOTAX10 takes 10% off and Koinly has no equivalent.
- There is a way out. A 14-day money-back guarantee, which Koinly does not publish.
- Your situation may not touch the rule. If you never sell at a loss and rebuy, the one thing separating them never applies to you.
How to choose without overthinking it
- Import into both before paying. Each is free until you download the report. Connect everything and compare the two gain figures.
- If they disagree, that is your answer. A gap usually means one is handling ACB or superficial losses differently.
- Check the cost basis setting says ACB or average cost, not FIFO. Tools built for a US audience can default wrongly.
- Sanity-check one disposition by hand against your own working before you trust several hundred.
Koinly if you have ever sold at a loss and bought back, or expect to. It is the only one that says in writing that it handles the rule.
CoinLedger if you buy and hold, want 10% off and a refund window, and the superficial loss rule is unlikely to touch your return.
Same price, 10% off, 14-day refund
Visit CoinLedger →This compares documented product capability, not a certification that either tool will produce a correct return. We are not accountants and have not filed through both. Software does not remove your responsibility for what you file. Prices verified 25 August 2026 and can change.
Koinly, CoinLedger and Summ ranked on documented Canadian ACB support, with commissions disclosed.
Best crypto tax software in Canada →