Self-taught cryptocurrency investor Simon Mills took the steps ahead of time to make filing his taxes easier. Simon Mills, who has been involved in the cryptocurrency world for eight months, says he made sure to keep track of all of his trades. Chartered accountant Warren McCann, a partner at Kudlow & McCann Professional Corporation, says dealing with crypto clients this tax season was the talk of the office. "Two years ago we didn't see it at all, now we have multiple clients coming forward indicating they've made transactions with cryptocurrency," McCann said. Unlike a broker account with a financial institution, crypto trades are not easily traceable.

Source: CBC News April 21, 2018 09:56 UTC