#1
● UPDATED 14 MAY 7 T1 SCHEDULE 3, T1135, ACB METHOD
Best crypto tax software in Canada.
Canadian crypto filers need ACB (Adjusted Cost Base) calculation, T1 Schedule 3 capital-gains output, and T1135 foreign-property reporting if holdings exceed CAD 100,000 abroad. The right software handles all three natively.
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§ 01 BEST FOR CANADA
Ranked for Canada filers.
#2
Crypto Tax Calculator
8.3/101,500+ DeFi protocols — the specialist for on-chain activity
#3
#4
CoinTracker
7.9/10TurboTax + H&R Block integration — the default for US filers
#5
TokenTax
7.7/10Full-service crypto tax prep — software + CPAs in one
#6
ZenLedger
7.6/10IRS Tax Pro partnership — designed for US audit-readiness
#7
CoinTracking
7.5/10Power-user tracker — 12 cost-basis methods, 25+ countries
§ 02 FAQ
Canada crypto tax questions.
How are crypto gains taxed in Canada? +
CRA treats crypto as a commodity. Disposals trigger capital gains tax — 50% of the gain is taxable at your marginal rate. Frequent traders may be classified as carrying on business, taxing 100% of gains as business income. The line is fact-specific; document your activity carefully.
What Canadian tax forms do crypto filers need? +
Capital gains go on Schedule 3 of your T1 General. If you hold over CAD 100,000 of crypto on a non-Canadian exchange or wallet at any point in the year, you also need Form T1135 (Foreign Income Verification Statement). Koinly, CoinLedger, and Crypto Tax Calculator support both forms.
When are Canadian crypto taxes due? +
T1 General is due 30 April for individuals. Self-employed filers and their spouses have until 15 June, though any tax owed is still due 30 April. T1135 has the same due date as T1.
Which cost-basis method does CRA require for crypto? +
CRA prescribes Adjusted Cost Base (ACB) — a weighted average across all units of the same crypto. Same-day disposal and 30-day superficial loss rules also apply. Koinly handles ACB natively; tools designed primarily for US (FIFO/HIFO) may need manual settings.
Does the CRA know about my crypto? +
CRA has been issuing audit letters to crypto users since 2020 and has obtained customer data from Coinsquare under a Federal Court order. Canadian exchanges are required to report transactions over CAD 10,000 under FINTRAC rules. Cross-border data sharing under the Crypto-Asset Reporting Framework (CARF) starts in 2027.