How is cryptocurrency taxed in Canada?

Canada applies a mixed crypto-tax regime — gains can be treated as capital gains or as income depending on how you hold and use the assets.

“When you dispose of capital property, such as when you sell your crypto assets, you may have a capital gain or loss. You need to report this on your income tax return. If you carry on business activities such as crypto asset mining or crypto asset trading, your income from these activities is generally treated as business income.”

This reflects guidance from Canada Revenue Agency (CRA), as of 2024-10-01.

See the full Canada crypto policy profile for legal status, VASP licensing, stablecoin rules and more — or compare Canada with another country. New to the categories? Read how crypto is taxed, explained.

Data basis: Canada Revenue Agency (CRA), as of 2024-10-01