Yes, the Canada Revenue Agency (CRA) treats cryptocurrency as a commodity, and you must report capital gains and losses on your tax return. When you sell, trade, or dispose of crypto, 50% of your capital gains are taxable (added to your income), while capital losses can offset other capital gains. Even if you hold crypto without selling, certain activities like mining, staking rewards, or receiving crypto as payment are treated as income and fully taxable. The CRA has been increasing crypto audit activity, so tracking your transactions carefully and reporting accurately is essential for the 2026 tax year. The CRA does not recognize crypto as legal tender in Canada. Instead, it treats digital assets as commodities or property. This classification matters because it determines how your transactions are taxed: Capital property: When you buy and sell crypto for profit, you realize a capital gain or loss Inventory: If you're a crypto trader or dealer, your holdings may be treated as business inventory (fully taxable gains, not just 50%) Income: Mining, staking, airdrops, and receiving crypto as payment are fully taxable income When you sell cryptocurrency at a profit, you trigger a capital gain.
Yes. The CRA treats crypto as a commodity subject to capital gains tax. When you sell for a profit, 50% of your gain is taxable. Crypto rewards, mining, and staking are fully taxable as income.
In 2026, the inclusion rate remains 50%, meaning only half of your capital gain is added to taxable income. This applies to all capital property, including cryptocurrency.
You should report capital losses because they can offset capital gains from other sources. Losses cannot reduce other types of income, but they can be carried forward indefinitely to future years.
Yes. Mining, staking rewards, airdrops, and interest earned on crypto accounts are fully taxable income at fair market value on the date received.
Some platforms allow crypto in registered accounts. Gains in a TFSA are tax-free, while RRSP growth is tax-deferred. Check with your provider first, as not all institutions or cryptos qualify.