How Does the CRA Tax Cryptocurrency?
The Canada Revenue Agency (CRA) classifies cryptocurrency as a commodity. Gains are treated as capital gains — with 50% of gains included in your taxable income.
Inclusion Rate
For most individuals, 50% of capital gains are included in taxable income. This effectively halves the tax rate on your crypto profits compared to ordinary income.
Federal Tax Brackets (2024)
- Up to $57,375: 15%
- $57,376 – $114,750: 20.5%
- $114,751 – $177,882: 26%
- $177,883 – $253,414: 29%
- Over $253,414: 33%
Add provincial tax to federal tax for your total liability.