Skip to main content

Featured

How Crypto is Taxed in Canada — What CRA Expects From You (2026 Guide)

  Published: April 2026 | Reading time: 11 min | Category: Taxes, Investing, Personal Finance A lot of Canadians still believe cryptocurrency exists in a tax-free grey zone. It does not. The Canada Revenue Agency is very clear on this: crypto is taxable, every transaction counts, and CRA has been aggressively pursuing crypto investors who don't report correctly. If you've bought, sold, traded, or earned any cryptocurrency in Canada — Bitcoin, Ethereum, Solana, or anything else — this guide explains exactly what CRA expects from you, what counts as a taxable event, and how to reduce your tax bill legally. The CRA's Official Position on Crypto The CRA treats cryptocurrency as a commodity , not a currency. This is a critical distinction. It means: Crypto is subject to either capital gains tax or income tax depending on how you use it Every time you dispose of crypto — sell it, trade it, spend it, or give it away — you trigger a taxable event Simply holding cryp...
Post a Comment
Read more

article

Labels

TD Bank Settlement: $15.9 Million Approved for Insufficient Fund Fees Refund

 

The Ontario Superior Court has given the green light to a $15.9 million class-action lawsuit settlement related to TD Bank Group’s non-sufficient fund fees. This settlement aims to compensate customers who were double-charged a $48 fee. The issue of such fees has come under scrutiny, with the federal government pushing for lower charges. For lead plaintiff Tyler Dufault, being 45 cents short on a PayPal bill resulted in a whopping $96 in fees from TD. Approximately 105,000 people who faced similar double-charges are eligible for compensation, and TD has also agreed to amend some practices around these fees. Other major Canadian banks are also facing similar class actions regarding double-charges.

Labels:

Comments

Post a Comment