Shakepay & Newton Crypto Taxes Canada 2026 – CRA Reporting Guide

Shakepay and Newton are two of the most popular Canadian crypto exchanges. Here is how to export your transaction history and correctly report to the CRA.

Do Shakepay and Newton Report to the CRA?

Yes. Both Shakepay and Newton are registered Canadian Money Services Businesses (MSBs) and comply with FINTRAC reporting requirements. They may issue tax documents (T5 slips for interest income) and can be subject to CRA data requests.

How to Export Shakepay Transaction History

1. Log into Shakepay app or web
2. Go to Profile → Transaction History
3. Request a full CSV export by emailing Shakepay support or using the export feature
4. Export includes: dates, amounts, CAD values, transaction types

How to Export Newton Transaction History

1. Log into Newton account at newton.co
2. Go to Account → Transaction History
3. Download CSV export for your selected date range
4. Download separately for each year if needed

Shakepay Shake Sats (Daily Bitcoin)

Shakepay's "Shake Sats" feature rewards users with small amounts of Bitcoin for shaking their phone daily. These Bitcoin rewards are taxable as ordinary income at fair market value in CAD when received. Track each daily receipt for accurate ACB and income reporting.

Newton Earn

Newton's staking and earn products generate crypto rewards. These are taxable as income when received. Newton may issue T5 slips for interest-type income over certain thresholds.

Calculating ACB for Shakepay/Newton Trades

Use the pooled ACB method required by the CRA:

1. Import your full transaction history into crypto tax software
2. The software pools all buys and calculates running ACB per coin
3. Applies superficial loss rule for same-coin buy-backs within 30 days
4. Generates Schedule 3 capital gains summary

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