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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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Trump’s Tariff Threat: Canada as the 51st State?

 

In a controversial twist amid escalating trade tensions, President Donald Trump has again directed his ire at Canada. In a post on his Truth Social platform on Sunday, Trump claimed that the United States spends “hundreds of Billions of Dollars” subsidizing Canada and argued that without this subsidy, Canada “ceases to exist as a viable country.” He went on to suggest that Canada should simply join the United States as its “cherished 51st state,” touting benefits such as much lower taxes and superior military protection, and promising an end to tariffs on Canadian goods. 

The remark comes on the heels of the imposition of 25% tariffs on imports from Canada (and Mexico), a move aimed at curbing issues like illegal immigration and drug trafficking across the border. In response, Canada has retaliated with its own tariff measures, and Prime Minister Justin Trudeau has firmly rejected any notion of statehood, emphasizing that Canada’s sovereignty is non-negotiable.

Economic analysts warn that such aggressive tariff policies could lead to higher prices for American consumers and disrupt long-established trade relationships in North America. As trade partners brace for a prolonged dispute, critics dismiss Trump’s suggestion as little more than political theater designed to rally his base rather than a feasible policy shift.

The unfolding trade war continues to raise questions about the future of North American economic relations and whether such bold proposals could ever move beyond the realm of rhetoric.

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