Crypto Tax Reporting Requirements Canada 2026 – Complete CRA Guide

Canadian crypto investors have specific CRA reporting obligations across multiple forms. Here is the complete checklist of everything you must report and where.

CRA's Position: Crypto Is a Commodity

The CRA treats cryptocurrency as a commodity. All gains, losses, and income must be reported. There is no threshold below which you are exempt from reporting.

Schedule 3: Capital Gains

Report all crypto capital gains and losses on Schedule 3, Section 5 (Other Properties). List proceeds of disposition, Adjusted Cost Base, expenses, and gain/loss. Totals flow to T1 line 12700.

T2125: Business Income from Crypto

If classified as business income (frequent trading, professional mining, staking as business): report gross income and deductible expenses on T2125. Net flows to T1 line 13500.

T1 Line 13000: Other Income

Non-business crypto income (staking rewards, airdrops, casual mining) goes on T1 line 13000.

T1135: Foreign Crypto Exchange Reporting

Required if foreign crypto holdings exceeded CAD $100,000 at any point during the year. Report: exchange name, country, maximum value, income earned. Penalty for non-filing: $25/day up to $2,500.

ACB Calculation Requirement

Canada requires the pooled Adjusted Cost Base method – you cannot use FIFO or Specific ID. All purchases of the same crypto are averaged. Transaction fees increase your ACB. The superficial loss rule applies to sales and repurchases within 30 days.

Key Deadlines

• April 30 – personal return deadline and payment deadline
• June 15 – extended filing for self-employed (taxes still due April 30)

Disclaimer: This article is for general informational purposes only and does not constitute tax advice. For individual tax advice, consult a licensed tax professional.