Crypto Tax Calculator Canada — Tax Year 2025
Calculate your cryptocurrency tax liability across multiple trades. For Canada. Uses current Tax Year 2025 data.
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What you paid including fees
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What you received on sale including any proceeds
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Set to 0 if not yet sold
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Set to 0 if not yet sold
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Fair market value of rewards at time of receipt
Tax rules vary significantly by country
Common questions — Canada
How is crypto tax different in India vs US vs UK?
India: flat 30% on all gains, no loss offset, 1% TDS. US: short-term gains (held <1 year) taxed as ordinary income (10–37%); long-term gains (held >1 year) taxed at 0/15/20% based on income; losses can offset gains and up to $3,000 of ordinary income annually. UK: CGT rates 10% or 20% depending on income band; £3,000 annual exempt amount (2024–25). Singapore: 0% — crypto treated as payment not capital asset for most individuals.
What counts as a "taxable event" in crypto?
In India: selling crypto for INR; trading one crypto for another; spending crypto (buying goods/services with it); receiving crypto as salary/payment (taxed as income); mining/staking rewards (taxed at receipt). NOT a taxable event: transferring between your own wallets; buying and holding crypto (no sale = no tax event). In the US: same as India, plus receiving airdrops is generally taxable income.
What is the 1% TDS and does it affect my tax?
1% TDS is deducted by Indian exchanges on every crypto sale above ₹50,000/year (₹10,000 for specified persons). It appears in your Form 26AS. When you file ITR, the TDS shows as advance tax paid and is credited against your total tax liability. If TDS exceeds your actual 30% tax liability (rare but possible if you have many losses), you get a refund. TDS is NOT an additional tax — it's advance tax collection.
Do I need to report crypto if I didn't sell?
India: technically, crypto holdings (not sold) don't generate tax liability, but must be disclosed in ITR Schedule FA (Foreign Assets, if held on foreign exchanges) and/or in the balance sheet if you're filing ITR-3 as a business. From FY 2022-23, Schedule VDA in ITR requires disclosure of all VDA transactions. Failing to report is a compliance risk even if tax is zero.
Can I carry forward crypto losses to next year?
India: No. Under Section 115BBH, VDA losses cannot be carried forward or set off against any other income. This is explicitly stated in the law. In contrast: equity capital losses can be carried forward 8 years in India. In the US, crypto losses can be carried forward indefinitely (unlike the $3,000/year limit for offsetting ordinary income). India's no-carry-forward rule is one of the harshest globally.