If you sold, swapped, spent or were paid in crypto this year, the Canada Revenue Agency expects to see it on your return. The rules are not new, but they are scattered across CRA guides, tax court decisions and the fine print of what a registered account can hold. This page gathers everything CryptoCanucks has published on the subject, newest first, and points you to the one guide to read before you file.
Nothing here is tax advice. It is sourced reporting on what the rules say, dated, so you can check them against the CRA's own pages and take the questions that remain to an accountant.
Questions people ask
- Is crypto taxed in Canada?
- Yes, when you dispose of it. The CRA treats crypto as a commodity: selling it, trading one coin for another, spending it or giving it away can create a capital gain or business income. Buying and holding is not a taxable event.
- How much of a crypto gain is taxed?
- For a capital gain, half of the gain is included in your income and taxed at your marginal rate. If the CRA decides your activity is a business, the whole profit is business income. The 2024 proposal to raise the inclusion rate was cancelled in March 2025.
- Can I hold bitcoin in a TFSA or RRSP?
- Not coins directly. A bitcoin ETF listed on the Toronto Stock Exchange is a qualified investment and can be held in a TFSA or RRSP; bitcoin itself is not.
- Do I need to report crypto on a T1135?
- Only if your specified foreign property cost more than C$100,000 at any point in the year. Coins held by a registered Canadian platform are generally not foreign property; coins on an offshore exchange are the grey zone.