Crypto tax reporting in Canada

How are acquisition costs treated?

Capital-property gains use adjusted cost base (ACB). The CRA’s identical-property rules require average cost, rather than choosing individual acquisition lots. [1] [2] [3]

What records should you collect?

CAD transaction values, fees, full acquisition history, related transfers and evidence for loss adjustments. [1] [2] [3]

How should you prepare your records?

1. Review whether the activity is capital investment or a business before selecting a reporting route. The same transaction export can require different treatment depending on that classification.
2. For capital property, assemble the complete acquisition history in CAD and reconcile transfers and fees. Maintain the average adjusted cost base for identical property instead of selecting whichever acquisition lot gives a preferred result.
3. Review dispositions and potential superficial-loss adjustments before transferring capital results to Schedule 3. Retain the supporting records used to establish proceeds and adjusted cost base.

Official sources: [1] [2] [3]

Where is crypto reported?

Report capital dispositions on Schedule 3. Business activity follows a different income-reporting route. [1] [2] [3]

Which situations need separate review?

Capital versus business classification comes first. Superficial-loss adjustments can change an otherwise correct ACB calculation. [1] [2] [3]

What should you check before filing?

An average-cost calculation can still need adjustment when superficial-loss rules apply. A lot-selection setting does not resolve that question. [1] [2] [3]

Check product scope

The guide describes published reporting rules. Available outputs depend on country, year and supported inputs. Review the product page and preview before relying on any generated records.

About this guide

DYOR.tax compiled this guide from the tax-authority publications below. It covers selected reporting rules for resident individuals holding crypto on their own account. It is not a complete tax return or a description of everything DYOR can generate. Rates, thresholds, filing deadlines and business rules require separate checks. The reference period is the income period, not a filing deadline. The checking date is not the effective date of a law.

Cite this guide

Credit DYOR.tax for this synthesis and the linked authority for the underlying rule. Include the reference period and source-checking date. Sources keep their original publication titles.

DYOR.tax. “Crypto tax reporting in Canada.” 2025. Sources checked: 2026-09-13. https://dyor.tax/ca/crypto-tax-reporting