Capital gains
If you invest, 50% of a capital gain is added to your income and taxed at your marginal rate. A proposed increase of the inclusion rate to two thirds was cancelled in 2025. Capital losses offset capital gains and can be carried back three years or forward indefinitely.
Business income
Frequent trading, mining as a business or running a crypto operation can make your profits fully taxable business income. The CRA looks at frequency, intent, knowledge and how commercial the activity is.
Swaps, staking and airdrops
Trading one crypto for another is a disposal. Staking and mining rewards are usually income at their value when received. The superficial loss rule can deny a loss if you buy the same coin back within 30 days.
Reporting
Report capital gains on Schedule 3. Foreign crypto worth more than C$100,000 in total at any time in the year may need to be reported on form T1135.