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Education only · not financial, tax or legal adviceCanadian facts checked 2026-10-31 · a MITEY site
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Printable checklist · 10 items

Crypto tax year-end checklist (Canada)

A year-end checklist for Canadians with crypto: export platform history, gather wallet records, compute ACB, flag DeFi items CRA has not addressed, and prepare for your tax professional.

Mitey the yeti seated on a rock, reading a ledger, with a tax receipt with a maple leaf
Mitey says: Do this in January, not the night before the deadline.

CRA expects you to report dispositions and income from crypto-assets and to keep records for at least six years. This list gets a year's activity into a state a tax professional (or you) can work with. It reflects CRA pages checked on 2026-10-30.

Where CRA is silent

CRA has not published guidance on DeFi lending, liquidity pools, wrapping or bridging as of 2026-10-30. Flag those transactions for professional advice rather than guessing. See DeFi transactions.

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2 critical items still open. Stop until they are done.

Questions people ask

Do I have to report crypto if I didn't cash out to dollars?

Possibly. CRA lists trading one crypto-asset for another, and paying for goods or services with crypto, as dispositions. Cashing out is not the only taxable event.

What if I made mistakes on past returns?

CRA's Voluntary Disclosures Program offers case-by-case relief to taxpayers who come forward to correct errors or omissions. Talk to a tax professional about whether it applies.

What records does CRA want for crypto?

Date and time, units and type, CAD value, the nature of each transaction, the other party or address, your wallet addresses, and yearly balances, kept at least six years.

Sources and dates

  • Keeping books and records of crypto-assets for tax filing — Canada Revenue Agencyin force
    Page date 2025-11-10 · checked 2026-10-30. What to record per transaction, wallet addresses, yearly balances; export platform history; keep records at least six years.
  • Reporting income from crypto-asset transactions — Canada Revenue Agencyin force
    Page date 2025-12-02 · checked 2026-10-30. Business income vs capital gains is case by case; lists business indicators; crypto-to-crypto trades are dispositions; half of a capital gain is taxable.
  • Special rules and other transactions — identical properties — Canada Revenue Agencyin force
    Page date 2026-02-05 · checked 2026-10-30. Average-cost ACB for identical properties, recalculated on each purchase; dispositions don't change per-unit ACB (worked example ends at $20.63).
  • Capital losses and deductions — superficial loss — Canada Revenue Agencyin force
    Page date 2026-02-05 · checked 2026-10-30. Superficial loss: identical property bought 30 days before/after and still held 30 days after; loss denied and usually added to the substituted property's ACB.
  • Voluntary Disclosures Program — Canada Revenue Agencyin force
    Page date 2026-06-15 · checked 2026-10-30. Case-by-case relief for taxpayers who come forward to correct past errors or omissions.

Education only. Nothing on this page is financial, investment, tax or legal advice, or a recommendation to buy, sell, stake, lend or borrow any crypto-asset. Crypto-assets can lose some or all of their value and are not covered by CDIC. Canadian rules change: check the dated sources above and talk to a qualified professional about your situation. Full disclaimer.