Canada and Cryptocurrencies Taxation

Find out the current regulations and tax guidelines for crypto asset taxation across Canada.

    • Are Cryptocurrencies legal in Canada?
    • Yes, Canada allows the use of digital currencies such as bitcoin. However, they are not considered a legal tender.
    • What are cryptocurrencies considered as in Canada?
    • The CRA treats crypto as a Commodity in regards to the Income Tax Act.
    • How are crypto currencies taxed in Canada?
    • Cryptocurrencies such as Bitcoin are taxed as an investment in Canada. 50% of the capital gains are Taxable.
    • Methodology used for crypto tax in Canada?
    • Adjusted Cost Basis (ACB)

Trends for Cryptocurrencies in Canada

Find out the current regulations and tax guidelines for crypto asset taxation across Canada.

Country: CANADA

Provinces: Ontario, Quebec, Nova Scotia, New Brunswick, Manitoba, British Columbia, Prince Edward Island, Saskatchewan, Alberta, Newfoundland and Labrador

Major Cities: Toronto, Montreal, Vancouver, Calgary, Edmonton, Winnipeg, Ottawa–Gatineau, Hamilton