🌎 Americas
Crypto & taxes in Canada
- Capital gains taxation
- Only 50% of the gain is taxable (inclusion rate)
- 66.67% hike
- Cancelled 21 Mar 2025: 50% remains
- Effective rate
- Half the gain taxed at federal+provincial marginal rates
- Business income
- Active trading: 100% taxable
Crypto regulation
The CRA treats crypto-assets as a commodity for tax purposes. Platforms operate as money services businesses under FINTRAC, and the provincial securities regulators, coordinated by the Canadian Securities Administrators (CSA), require crypto trading platforms to register.
Taxation
Every disposal (sale, crypto-to-crypto trade or paying for goods) is a taxable barter transaction. For individual investors only 50% of the net gain is included in taxable income and taxed at marginal rates; systematic trading can instead be treated as business income, taxable at 100%.
Useful information
Use the Adjusted Cost Base (weighted-average cost) method to compute gains. The proposed 66.67% inclusion rate above $250k was formally cancelled in March 2025: the 50% rate still applies for 2025 (return due 30 April 2026).