Canada Crypto Tax Calculator
Estimate your Canadian crypto tax under CRA rules. Applies the 50% capital gains inclusion rate, the Adjusted Cost Base (ACB) method, and federal plus provincial marginal brackets for 2026. Works entirely in your browser — no data leaves your device.
How the CRA Taxes Crypto in Canada
The Canada Revenue Agency treats cryptocurrency as a commodity, not currency. When you sell, swap, gift, or spend crypto, you realise either a capital gain or business income. For most casual investors, gains are capital. If you trade frequently, mine commercially, or treat crypto as inventory, the CRA may reclassify your activity as business income.
Under the capital gains regime, only 50% of the gain is included in your taxable income (the 50% inclusion rate). That taxable portion is then added to your other income and taxed at your combined federal and provincial marginal rate. This dual-layer approach means the effective tax on a crypto gain is roughly half your marginal rate.
Adjusted Cost Base (ACB) Method
Canada requires the Adjusted Cost Base method for cost basis. If you buy the same cryptocurrency at different prices, your ACB is the weighted average of all purchases. Every disposal uses the current ACB, which is then recalculated going forward. The superficial loss rules (losses on identical property bought within 30 days) also apply.
Short-Term vs Long-Term Gains
Canada does not have a separate long-term capital gains rate — the 50% inclusion rate applies regardless of how long you held the asset. However, frequent short-term trading can move you from the capital gains regime to the business income regime, where 100% of profits are taxable and losses are fully deductible against other income.
What You Need to Report to the CRA
Report capital gains on Schedule 3 of your T1 personal tax return. If crypto is business income, use Form T2125 (Statement of Business Activities). Keep records of every transaction: date, type, amount in CAD at the time, ACB, proceeds, fees, wallet addresses, and exchange records. The CRA can reassess for 3 years (or indefinitely for gross negligence) after your Notice of Assessment.
Last updated: April 2026. Based on CRA Cryptocurrency Guide and Income Tax Act sections on capital gains. Estimate only — not tax advice.