Crypto Tax in Canada

A structured summary of how individual crypto taxation works in Canada — the tax regime, headline rate, accepted cost-basis methods, exemptions and anti-avoidance rules.

General information generated from our jurisdiction dataset, not tax advice. Rules change — verify with a local professional.

Individual crypto tax — Canada

General Information

Default Framework

IFRS

Crypto Classification

Intangible Asset

Tax Year

Calendar Year (M12)

Functional Currency

CAD

FX Source (Reporting)

BOC

FX Source (Tax)

CRA

Transaction Rate

Daily Spot

Hyperinflationary

✗ No

Individual Tax — Regime

Tax Regime

Capital Gains

50% capital gains inclusion rate (66.7% for gains >CAD 250K from June 2024). ACB mandatory.

Tax Rate

26.7%

50% of gain included in income at marginal rate (up to ~53%). 66.7% inclusion for gains >CAD 250K from June 2024.

Individual Tax — Cost Basis

Measurement Basis

Historical Cost

Cost Method

ACB

Method Electable

✗ No

Permitted Methods

ACB

Country Override

ACB (Canada)

Individual Tax — Exemptions

CGT Exempt

✗ No

Holding Period

—

HP Benefit

—

Annual Exemption

—

Threshold Exemption

—

Individual Tax — Anti-Avoidance

Wash Sale

✓ Superficial Loss

Same-Day Rule

✗ No

Superficial Loss

✓ Yes

Loss Restriction

Capital only

Loss Carryforward

Unlimited

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Is crypto taxed for individuals in Canada?

Canada applies a Capital Gains treatment to individual crypto. The table above shows the headline rate, cost-basis method and any exemptions.

Which cost-basis method does Canada use?

See the cost-basis section above for the default method and the alternatives Canada permits for individuals.

Other jurisdictions

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