How do I connect my Newton account to CoinTracker?
Log into your Newton account. Navigate to Settings
Scroll to Financial Statements section and click on Statements & Reports
Click on Tax Reports.
Click on CoinTracker Reports and download the CSV report.
Import the CSV here
How are Newton transactions taxed?
Crypto transactions on Newton are taxable under Canadian tax law.
Capital gains tax: Applies when you sell, trade, or convert crypto assets. You are taxed on 50% of the gain, calculated as the difference between your cost basis and sale value.
Income tax: Applies when you earn crypto through staking, referrals, or airdrops. The value of the crypto at the time you receive it is taxable as income.
CoinTracker automatically distinguishes between capital gains and income from Newton, ensuring your reports align with CRA tax treatment.
Do I have to pay taxes on Newton?
Yes.
All crypto disposals or earnings through Newton must be reported to the Canada Revenue Agency (CRA).
This includes:
Selling crypto for Canadian dollars (CAD)
Trading one crypto for another (e.g., BTC to ETH)
Spending crypto on goods or services
Earning crypto as income or rewards
Even though buying and holding crypto is not taxable, every disposal event must be reported.
CoinTracker automatically tracks and calculates these transactions to simplify your tax filing.
Does Newton provide tax documents?
Yes. Newton provides annual trade summaries, transaction exports, and CRA-compatible CSV files.
You can download these from your Newton account and upload them to CoinTracker for instant capital gains and income calculations.
How to get your Newton tax documents
Log in to your Newton account.
Go to Settings → Reports → Tax Documents.
Select your tax year.
Click Download CSV to export your full transaction history.
Upload your file to CoinTracker, or connect your Newton account via API for automatic syncing.
When does Newton issue tax forms like Form 1099-MISC or T5?
Newton does not issue Form 1099 (U.S.) or T5 slips (Canada).
Instead, Canadian users must report their crypto gains and income directly in their annual tax returns.
CoinTracker generates all the necessary data for CRA reporting, including capital gains schedules and income summaries.
Why aren't my Newton documents accurate?
Your Newton reports may not include:
Transfers to or from external wallets
Trades or income on other exchanges
DeFi or off-platform rewards
CoinTracker consolidates your full crypto activity — from Newton and other sources — to ensure your tax report includes every taxable event.
Does Newton automatically deduct taxes?
No. Newton does not withhold or deduct taxes on behalf of users.
You are responsible for calculating and reporting your crypto gains or income.
CoinTracker automates this process by creating CRA-ready tax summaries that include your adjusted cost base (ACB) and realized gains.
Does Newton report to the CRA?
Yes, in certain circumstances.
Newton complies with FINTRAC and Canadian AML/KYC regulations, and may share user transaction data with the CRA under specific requests.
CoinTracker ensures your reports match any potential disclosures, minimizing audit risks and keeping your filings accurate.
Does Newton provide financial or end-of-year statements?
Yes. Newton provides year-end account statements and transaction summaries through your dashboard.
Import these into CoinTracker to automatically calculate your capital gains, income, and portfolio growth for the tax year.