Cardinal Point Wealth Management Explains How the Canada Revenue Agency Taxes Cryptocurrency

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentToronto, ON, Feb. 12, 2026 (GLOBE NEWSWIRE) — As cryptocurrency adoption continues to expand among investors on both sides of the border, understanding the tax treatment of digital assets has become increasingly important.

Cardinal Point Wealth Management has published a new educational blog post, How the Canada Revenue Agency Taxes Cryptocurrency, offering timely guidance on how crypto transactions are treated under Canadian tax law and what investors need to know to remain compliant.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentArticle contentArticle contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentUnderstanding CRA’s Approach to CryptocurrencyArticle contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentThe article provides a clear overview of how the Canada Revenue Agency (CRA) classifies cryptocurrency, including when crypto transactions may be treated as capital gains versus business income. It also explains how the CRA views cryptocurrency as a commodity rather than legal tender, a distinction that has important tax implications for investors.Article contentCommon Taxable Cryptocurrency TransactionsArticle contentThe blog outlines several common taxable events involving cryptocurrency, including trading digital assets, selling cryptocurrency for fiat currency, mining activities, and using cryptocurrency to purchase goods or services. With enforcement and reporting scrutiny increasing, the post emphasizes the importance of maintaining accurate transaction records and understanding reporting obligations.Article contentCross-Border Considerations for Canada–U.S. InvestorsArticle contentFor individuals with financial ties to both Canada and the United States, cryptocurrency taxation can be especially complex. Differences between CRA and IRS treatment, reporting requirements, and potential double-tax exposure can create unexpected liabilities. Cardinal Point’s blog highlights the importance of coordinated tax and financial planning for cross-border investors navigating the evolving digital asset landscape.Article contentArticle contentKey TakeawaysArticle contentCryptocurrency is taxable in Canada, and its treatment depends on the nature of the transactionTrading, selling, mining, and spending cryptocurrency may trigger tax obligationsRecordkeeping is critical to remain compliant with CRA reporting requirementsCross-border investors face added complexity and should seek integrated planning adviceArticle contentThe full blog post is available here:https://cardinalpointwealth.com/2026/01/28/how-the-canada-revenue-agency-taxes-cryptocurrency/Article contentAbout Cardinal Point Wealth ManagementArticle contentCardinal Point Wealth Management provides integrated financial, tax, and estate planning services for individuals and families with financial ties to Canada and the United States. The firm specializes in helping clients navigate complex cross-border financial matters and is a recognized leader in cross-border wealth management and Canada U.S. financial planning,Article contentDisclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.Article contentMedia ContactCompany Name: Cardinal Point Wealth Management, ULCContact Person: Kris Rossignoli, Senior Private Wealth ManagerEmail: info@cardinalpointwealth.comCountry: USAWebsite: www.cardinalpointwealth.comArticle contentArticle contentArticle contentArticle contentArticle contentArticle contentMedia Contact Company Name: Cardinal Point Wealth Management, ULC Contact Person: Kris Rossignoli, Senior Private Wealth Manager Email: info@cardinalpointwealth.com Country: USA Website: www.cardinalpointwealth.comArticle contentTrending Ontario issues first permit that opens up old mine tailings for exploration Mining As U.S. companies return to Venezuela's oilfields — one Canadian driller has a head start Oil & Gas CRA charged taxpayer instalment interest before he received all his GIC income Taxes As Canadian bond yields fall, watch for fixed rates to follow Mortgage Rates For some Canadian travellers in Cuba, getting home is not so easy Airlines Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Ontario issues first permit that opens up old mine tailings for exploration Mining As U.S. companies return to Venezuela's oilfields — one Canadian driller has a head start Oil & Gas CRA charged taxpayer instalment interest before he received all his GIC income Taxes As Canadian bond yields fall, watch for fixed rates to follow Mortgage Rates For some Canadian travellers in Cuba, getting home is not so easy Airlines