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)

Latest News

Latest updates on cryptocurrency regulations in Canada.

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