Selling or trading cryptocurrency can lead to capital gains or losses, or in some cases, may also be treated as income that must be reported on your tax return.
This report covers the cryptocurrency you bought or sold and any staking rewards you received during the calendar year, so you can prepare your tax return. Please note that this report is for informational purposes only and is not tax advice.
What’s included?
Your report may contain two sections:
1. Crypto Dispositions
This section shows crypto you sold, including:
- Date of transaction
- Asset (e.g., BTC, ETH)
- Quantity
- Adjusted cost base (ACB)
- Proceeds of disposition
- Total realized capital gain or loss
To view total proceeds, your adjusted cost base, and realized gains or losses, review the bottom of this section.
2. Crypto Staking Rewards*
If you earned staking rewards, the report lists:
- Date received
- Asset
- Quantity received
- Fair market value (CAD) at the time received
The total value of staking rewards received during the year is included at the end of this section.*
How to download your report
On web or in-app:
- Go to Account
- Select Statements & Reports
- Choose Tax Reports
- Select Crypto Realized Gains and Losses
- Choose a year, then download your PDF
Disclaimer: This report is provided for informational purposes only. You are responsible for reviewing the report and ensuring your crypto activity is reported accurately.
Tax treatment can vary depending on your situation.
*Crypto Staking Rewards have been included in this report for informational purposes only; however, staking rewards from staking crypto-assets may be considered income at the time the rewards are received.
Newton does not provide tax advice. If you have questions, please speak with a qualified tax professional and read the Canada Revenue Agency’s guide for crypto.
Comments
0 comments
Article is closed for comments.