Crypto tax in Canada
How is cryptocurrency taxed in Canada?
In Canada, cryptocurrency is taxed specially. The headline rate is 33%, and there is no long-term capital gains exemption.
Common questions
- What is the capital gains tax rate in Canada?
- The capital gains tax rate in Canada is 26.77%.
- Does Canada offer a long-term capital gains exemption for crypto?
- No, Canada does not offer a long-term capital gains exemption for cryptocurrency.
- What tax system does Canada use for crypto?
- Canada uses a worldwide tax system, meaning residents are taxed on their global income, including cryptocurrency gains.
Crypto in Canada is taxed under a special / mixed regime.
Treatment
taxed under a special / mixed regime
Long-term
Still taxed
Headline rate
33%
In Canada, a relocating individual’s crypto gains are always taxable (as business income or as capital gains with only a partial inclusion) with no tax-free long‑term holding period, and are taxed at their normal federal and provincial income tax rates.
“The CRA generally treats crypto-assets like a commodity for purposes of the Income Tax Act. As a result, the tax treatment of income or capital from transactions involving crypto-assets generally follows the existing rules for barter transactions. You have to report all income or capital gains from transactions involving crypto-assets on your income tax return.[7]” — Canada Revenue Agency (CRA)
Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.