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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...
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U.S. Urges Canada and NATO Allies to Meet 2% Defense Spending Target


The upcoming NATO Summit in Washington is set to address a pressing issue: defense spending commitments among member nations. While most allies have made strides toward meeting the 2% of GDP target, Canada remains an outlier. In this article, we explore the challenges faced by Canada and the potential consequences of failing to step up its defense investment.

Canada’s Lagging Commitment

Canada, one of NATO’s founding members, pledged in 2014 to allocate 2% of its GDP to defense spending. However, it has consistently fallen short of this goal. Unlike many other NATO countries, Canada has not only missed the 2% benchmark but also failed to allocate 20% of that spending to new equipment. This stance has frustrated allies across the board.

Allies’ Frustration

Diplomats from various NATO countries express their frustration with Canada’s lack of urgency. Despite its strong economy and historical alliance with the U.S., Canada has not prioritized defense spending. European allies, who face criticism for their own efforts, feel that Canada escapes similar pressure from Washington.

Potential Consequences

As the NATO Summit approaches, allies are expected to press Ottawa to fulfill its commitment. Failure to do so could have serious implications. Moreover, concerns arise about the potential return of Donald Trump to the White House, which might exacerbate the situation.

Conclusion

Canada’s diplomatic standing and military readiness are at stake. The NATO Summit serves as a crucial moment for Canada to address its defense spending shortfall and demonstrate its commitment to collective security.


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