Crypto Tax in Canada (2025) – CRA Updates & Penalties
The crypto tax in Canada is straightforward yet strict; 50% of capital gains and 100% of business income from crypto are taxable. The CRA requires record-keeping for 6 years, with penalties reaching 50% for gross negligence. Compliance is essential with over 3 million Canadians owning cryptocurrency, and the CRA having audited 20,000+ crypto-related accounts since