> ## Documentation Index > Fetch the complete documentation index at: https://guides.koinx.com/llms.txt > Use this file to discover all available pages before exploring further. # Canada - Complete Tax Report > See how the Canada Complete Tax Report uses Adjusted Cost Base to calculate crypto tax, summarising gains, income, derivatives and balances for CRA-compliant reporting. * CRA treats crypto as a commodity, and only 50% of your capital gains are taxable * Cost basis is calculated using the Adjusted Cost Base (ACB) method, which averages your purchase price across all holdings of an asset * Every crypto-to-crypto trade is a taxable disposition under CRA rules * The report includes capital gains, derivatives income, crypto income, and portfolio balances * Ready to share with your accountant or tax professional for T1 filing The KoinX Complete Tax Report for Canada applies CRA rules and calculates your capital gains using the Adjusted Cost Base (ACB) method. It compiles your capital gains, derivatives income, crypto income, transaction records, and asset balances into one document you can share with your accountant or tax professional when filing your T1 tax return. *** ## What Is in This Report? Screenshot 2026 03 11 182241 | Section | Purpose | | --------------------------------------------------------------------------------------- | -------------------------------------------- | | [Capital Gains Summary](#capital-gains-summary) | Total gains and losses from crypto disposals | | [Summary of Income from Crypto Derivatives](#summary-of-income-from-crypto-derivatives) | Futures and options trading income | | [Other Income and Expense Summary](#other-income-and-expense-summary) | Staking rewards, airdrops, mining income | | [Beginning of Year Balance](#detailed-beginning-of-year-asset-balances) | Portfolio value at start of tax year | | [End of Year Balance](#detailed-end-of-year-assets-balances) | Portfolio value at end of tax year | | [Capital Gains Transactions](#capital-gains-transactions) | Detailed record of all taxable disposals | | [Crypto Derivatives Transactions](#crypto-derivatives-transactions) | Detailed futures and options trades | | [Other Income and Expense Transactions](#other-income-and-expense-transactions) | Income events and expense records | | [Asset Wise Profit & Loss](#asset-wise-profit-&-loss) | Profit and loss by asset | | [Data Sources](#data-sources) | Exchanges, wallets, and files used | *** ## How CRA Taxes Crypto | Event | Tax Treatment | | -------------------------------- | --------------------------------------------- | | Buy crypto with CAD | Not taxable | | Hold crypto | Not taxable | | Sell crypto for CAD | Capital gain or loss | | Trade crypto for crypto | Capital gain or loss | | Spend crypto | Capital gain or loss | | Receive staking or mining income | Income or capital gain depending on situation | *** ## The 50% Inclusion Rate Canada taxes only half of your capital gains. | Full Gain | Taxable Amount | Tax Rate | | --------- | -------------- | ---------------------- | | \$10,000 | \$5,000 | Your marginal tax rate | | \$50,000 | \$25,000 | Your marginal tax rate | | \$100,000 | \$50,000 | Your marginal tax rate | **Example:** \ \ You buy **BTC for CAD 40,000** and later sell it for **CAD 60,000**. * **Capital Gain:** CAD 60,000 − CAD 40,000 = **CAD 20,000** In Canada, **50% of capital gains are taxable**. * **Taxable Capital Gain:**\ **CAD 20,000 × 50% = CAD 10,000** If your **marginal tax rate is 30%**, the tax would be calculated as: * **Tax Owed:**\ **CAD 10,000 × 30% = CAD 3,000**\ \ KoinX reports the full capital gain, which you then use to calculate the taxable portion under CRA rules. *** ## Crypto-to-Crypto Trades Are Taxable In Canada, every crypto-to-crypto trade is considered a disposition. Examples: BTC to ETH trade, token swap on a DEX, buying an NFT with crypto. The fair market value at the time of the trade determines the proceeds. *** ## Adjusted Cost Base (ACB) Canada requires the Adjusted Cost Base method. Steps: track total cost of all purchases of an asset, track total quantity held, calculate average cost per unit, then use that average cost when selling. **Example:** \ \ You buy **1 BTC for CAD 30,000**, and later buy **another 1 BTC for CAD 40,000**. * **Total Cost:** CAD 30,000 + CAD 40,000 = **CAD 70,000** * **Total BTC Held:** 2 BTC Under the **Adjusted Cost Base (ACB)** method used in Canada: * **ACB per BTC:** CAD 70,000 ÷ 2 = **CAD 35,000** Now, if you **sell 1 BTC for CAD 50,000**: * **Capital Gain:** CAD 50,000 − CAD 35,000 = **CAD 15,000**\ \ KoinX automatically calculates ACB for each asset. *** ## Capital Gains Summary This section summarises all crypto disposals during the tax year. Screenshot 2026 03 11 182338 | Field | Description | | ------------------- | -------------------------------- | | Number of Transfers | Total number of crypto disposals | | Sale Consideration | Total proceeds received | | Cost of Acquisition | Total purchase cost | | Fees Paid | Transaction fees | | Gross Profit | Total gains before losses | | Gross Loss | Total losses | | Net Gains | Final capital gain amount | Values are calculated using the Average Cost / ACB method. *** ## Summary of Income from Crypto Derivatives If you traded crypto derivatives such as futures or options, this section summarises your realised trading results. Screenshot 2026 03 11 182428 | Field | Description | | ----------------------------- | ------------------------- | | Total Realised Futures Profit | Total futures profits | | Total Realised Futures Losses | Total futures losses | | Futures Turnover | Total trading volume | | Brokerage Fees | Trading fees | | Funding Interest | Interest received or paid | | Net Gains from Futures | Final futures profit | Options trading is also summarised in this section. *** ## Other Income and Expense Summary This section captures crypto received as income. Screenshot2026 03 12142525 Examples include: * Airdrops * Rewards * Staking income * Salary in crypto * Consultancy income * Mining income Expenses may include: * Margin interest * Mining expenses * Donations * Consultancy expenses These values are shown in **CAD based on market value at the time of receipt**. *** ## Detailed Beginning of Year Asset Balances The report includes portfolio snapshots showing your **crypto holdings at the start and end of the tax year**. Screenshot 2026 03 11 182530 1 | Field | Description | | :----------- | :-------------------- | | Asset Name | Cryptocurrency | | Quantity | Amount held | | Cost | Acquisition cost | | Market Value | Current value | | Remarks | Average price details | ## Detailed End of Year Assets Balances Shows the **portfolio position on the last day of the financial year**. Screenshot 2026 03 11 182508 **Why these reports matters:** * Shows your starting position for the year * Helps verify that cost basis carry-forward is correct * Useful for audit trail and reconciliation *** ## Capital Gains Transactions This section lists every taxable crypto disposal. Screenshot 2026 03 11 182617 | Field | Description | | -------------- | ------------------ | | Date Purchased | Acquisition date | | Date Sold | Disposal date | | Asset | Cryptocurrency | | Quantity | Amount sold | | Buy Value | Purchase price | | Sell Value | Sale price | | Gross Gain | Profit before fees | | Net Gain | Profit after fees | This provides the audit trail supporting your capital gains summary. *** ## Crypto Derivatives Transactions Lists individual futures and options trades. Screenshot 2026 03 11 182656 | Field | Description | | --------- | ------------------ | | Date | Trade date | | Asset | Contract asset | | Quantity | Position size | | Net Gains | Profit or loss | | Type | Futures or Options | | Source | Exchange source | *** ## Other Income and Expense Transactions This section lists detailed income events such as: * Reward income * Staking interest * Airdrops * Salary payments * Mining income * Donations * Expenses Screenshot2026 03 12142525(1) Each entry includes **date, asset, quantity, value, and source**. *** ## Asset Wise Profit & Loss This section summarises profit and loss per cryptocurrency. Screenshot 2026 03 11 182821 | Asset | Gross Profit | Gross Loss | Net Gains | | ----- | ------------- | --------------- | -------------- | | ETH | C\$79.32 | C\$61,294.83 | -C\$61,215.51 | | BNB | C\$440.97 | C\$1.49 | C\$439.48 | | USDT | C\$985,994.05 | C\$1,667,050.32 | -C\$681,056.28 | This helps identify which assets generated gains or losses. *** ## Data Sources Screenshot 2026 03 11 182840 This section lists all integrations used to generate the report: exchanges, wallet addresses, and custom file imports. This ensures transparency about where the transaction data originated. *** ## Frequently Asked Questions The Complete Tax Report (Canada) is your main document. It provides the full summary of your crypto activity. Yes. Hobby mining may lead to capital gains on disposal, while business-scale mining is treated as business income when received. Yes. The report uses the Adjusted Cost Base method and treats crypto-to-crypto trades as dispositions according to CRA guidance. Each trade is considered a disposition, and the fair market value of the crypto received determines the proceeds. Capital gains are taxed with a 50% inclusion rate, while business income is 100% taxable.