Canada Crypto Tax Calculator

The CRA treats crypto as a commodity, not as currency. When you dispose of it, you have either a capital gain or business income, depending on your circumstances. For most people who buy and hold, it is a capital gain, and only half of the gain is taxable.

Half of the gain is added to your income and taxed at your marginal rate. Take someone with $70,000 of other taxable income who sells 0.5 BTC bought at $80,000 for $130,000, a gain of $25,000. The taxable half is $12,500. Federal tax on it is 20.5%, or $2,562.50. With a provincial rate of 9.15%, provincial tax is $1,143.75, for $3,706.25 in total.

It is the share of a capital gain that is taxable, and it is one-half. A planned increase to two-thirds for gains above $250,000 was cancelled in March 2025, so the one-half rate applies to all capital gains for individuals.

Yes. Trading one crypto for another is a disposition of the first one at its fair market value in Canadian dollars at that moment, so you have a gain or loss even though you received no cash. Spending crypto on goods or services works the same way.

It depends on how you operate. Buying and holding as an investment usually gives a capital gain. Activity that looks like a business, such as frequent trading done in a commercial way, can be business income, and then the whole profit is taxable rather than half. This calculator works out the capital gain case.

Half of a capital loss is an allowable capital loss. It can be used to reduce taxable capital gains, but not other income such as salary. If you cannot use it this year, you can carry it back three years or forward indefinitely.

It stops you claiming a loss when you have not really sold out. A loss is denied if you, or someone affiliated with you, buy the same crypto in the period from 30 days before to 30 days after the sale and still hold it at the end of that period. The denied loss is added to the cost of the new units instead.

Canada uses the adjusted cost base, which is the average cost of all the identical units you hold, including the fees you paid to buy them. Enter that average cost per unit as the buy price.

Yes. Every province and territory charges its own income tax on the taxable half of the gain, on top of federal tax. Rates depend on where you live and on your income. Quebec residents also get a 16.5% reduction in their federal tax, which the calculator applies when you tick the Quebec box.

It multiplies your buy and sell prices by the quantity and subtracts fees to get the gain, then halves it to get the taxable capital gain. It places that amount on top of your other taxable income and applies the 2026 federal brackets, allowing for the basic personal amount. It then adds provincial tax at the rate you enter. On a loss, tax is $0. Everything runs in your browser and nothing you type is sent to a server.