We created this crypto tax calculator for Canadian users that want to check gains quickly. Our calculator is for informational purposes only. Consult an expert CRA CPA or tax professional. You may need to use more advanced crypto tax software if you have a lot of trades.

How to Use Our Calculator

• Begin by entering your financial information for the year 2023.
• Input your total income, the amount you invested in cryptocurrency, and the amount you received from cryptocurrency sales.
• If you reside in Ontario or Manitoba, make sure to select your province from the dropdown.
• Click the "Calculate Federal Tax" button to process your data.
• The calculator will quickly estimate your federal and provincial tax obligations.
• You'll see the results, including federal tax, provincial tax, and the total tax owed.

How it's Calculated

Our Canadian Tax Calculator uses a precise method to estimate your tax liability. Here's how it's calculated:

• It starts by calculating your capital gains from cryptocurrency transactions, while we keep in mind that only 50% of the gain is taxable.
• Then, it combines your capital gains with your reported income for the year.
• Then, based on your province, it factors in additional provincial taxes based on the respective provincial tax rates.
• Finally, it sums up both federal and provincial taxes to display your total tax owed.

Federal Tax Rates Used

Tax Rate	Taxable Income Threshold
15%	Up to $53,359 of taxable income
20.5%	Between $53,359 and $106,717
26%	Between $106,717 and $165,430
29%	Between $165,430 and $235,675
33%	On any amount taxable income exceeding $235,675

Province Rates

Each province in Canada has its own additional tax rates.

Alberta

Tax Rate	Taxable Income Threshold
10%	Up to $142,292
12%	Between $142,292 and $170,751
13%	Between $170,751 and $227,668
14%	Between $227,668 and $341,502
15%	On any taxable income exceeding $341,502

British Columbia

Tax Rate	Taxable Income Threshold
5.06%	Up to $45,654
7.7%	Between $45,654 and $91,310
10.5%	Between $91,310 and $104,835
12.29%	Between $104,835 and $127,299
14.7%	Between $127,299 and $172,602
16.8%	On any amount exceeding $172,602 and $240,716
20.5%	On any taxable income exceeding $240,716

Manitoba

Tax Rate	Taxable Income Threshold
10.8%	Up to $36,842
12.75%	Between $36,842 and $79,625
17.4%	On any taxable income exceeding $79,625

New Brunswick

Tax Rate	Taxable Income Threshold
9.4%	Up to $47,715
14%	Between $47,715 and $95,431
16%	Between $95,431 and $176,756
19.5%	On any taxable income exceeding $176,756

Newfoundland and Labrador

Tax Rate	Taxable Income Threshold
8.7%	Up to $41,457
14.5%	Between $41,457 and $82,913
15.8%	Between $82,913 and $148,027
17.8%	Between $148,027 and $207,239
19.8%	Between $207,239 and $264,750
20.8%	Between $264,750 and $529,500
21.3%	Between $529,500 and $1,059,000
21.8%	On any taxable income exceeding $1,059,000

Nova Scotia

Tax Rate	Taxable Income Threshold
8.79%	Up to $29,590
14.95%	Between $29,590 and $59,180
16.67%	Between $59,180 and $93,000
17.5%	Between $93,000 and $150,000
21%	On any taxable income exceeding $150,000

Ontario

Tax Rate	Taxable Income Threshold
5.05%	Up to $49,231
9.15%	Between $49,231 and $98,463
11.16%	Between $98,463 and $150,000
12.16%	Between $150,000 and $220,000
13.16%	On any taxable income exceeding $220,000

Prince Edward Island

Tax Rate	Taxable Income Threshold
9.8%	Up to $31,984
13.8%	Between $31,984 and $63,969
16.7%	On any taxable income exceeding $63,969

Quebec

Tax Rate	Taxable Income Threshold
15%	Up to $49,275
20%	Between $49,275 and $98,540
24%	Between $98,540 and $119,910
25.75%	On any taxable income exceeding $119,910

Saskatchewan

Tax Rate	Taxable Income Threshold
10.5%	Up to $49,720
12.5%	Between $49,720 and $142,058
14.5%	On the amount over $142,058