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Crypto Tax in Canada
Tax authority: CRA (Canada Revenue Agency) · Last updated: 2026
Overview
| Classification | Commodity (for most individuals) |
| Capital Gains Tax | 50% of gains included in income (taxed at marginal rate). 66.7% inclusion for gains over $250,000 |
| Holding Period | No reduced rate for holding period |
| Cost Basis Method | Adjusted Cost Base (ACB) |
| Reporting Forms | T1 General, Schedule 3 (Capital Gains) |
Key Rules
- •50% of capital gains are taxable (66.7% above $250k as of 2024)
- •Must use Adjusted Cost Base (ACB) method
- •CRA treats crypto as a commodity, not currency
- •Trading crypto-to-crypto is a taxable disposition
- •Mining and staking can be business income or hobby
Best Crypto Tax Software for Canada
Disclaimer: This guide is for informational purposes only and does not constitute tax advice. Crypto tax rules change frequently. Consult a qualified tax professional in Canada for advice specific to your situation.