Feature Request: New Declaration requirement for Canada/Quebec: Form TP-21.4.39 - Asset Categorization
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Heliotrope purple Hummingbird
I am writing to request the addition of a new report or an automated classification feature that meets the tax requirements of Quebec (Canada), specifically for form TP-21.4.39.
Recently, Quebec tax authorities require that capital gains and income be broken down into very specific categories of cryptoassets. Currently, Koinly groups most transactions under a generic label, requiring us to do a lot of manual work to separate our earnings into the following classes:
Cryptocurrencies (Standard)
Security Tokens
Non-fungible tokens (NFTs)
Utility Tokens
Privacy coins
The problem:
The volume of transactions for an average user makes manual classification virtually impossible and subject to human error. As Canadian users, we need Koinly to be able to:
Identify the asset type automatically (via API metadata).
Allow the export of a specific report that groups the profits/losses by these categories.
The addition of this functionality would make Koinly the reference solution for the Quebec and Canadian market, which is becoming more and more demanding in terms of compliance.