Crypto tax in Canada
Rules verified in September 2026.
Short term
~27% (50% inclusion)
Long term
~27% (50% inclusion)
Holding period
50% of gains taxable
Annual allowance
Not applicable
Legislation
ITA s. 38 / CRA IT-218R
In short
Canada treats crypto as property. 50% of capital gains are included in taxable income. The effective rate depends on each taxpayer's marginal rate. In 2024, the government proposed increasing to 2/3 for gains above C$250k.
Key points
- 50% of capital gains included in income
- Effective rate ~27% for middle class
- No distinction between short and long term
- Every crypto-to-crypto swap is a taxable event
- Declare on Schedule 3 (T1 General)
Calculate on your own history
The rate is only half the problem. To file, you need to match each disposal to the right acquisition under FIFO, convert to your currency at the date of each transaction, and separate short-term from long-term. ChainFolioAI does this from your transactions — connect wallets read-only or import a CSV from your exchange — and exports to PDF or Excel.
Other countries
⚠️ General information, not tax advice. Rules change and your situation may have specifics (residency, professional activity, staking, mining). Confirm with an accountant or your tax authority before filing.