Digital Asset Reporting Portal
Pursuant to the Income Tax Act (R.S.C., 1985, c. 1 (5th Supp.)) and FINTRAC regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (S.C. 2000, c. 17), all Canadian residents are required to report cryptocurrency holdings and digital asset transactions. This official portal provides a secure mechanism for compliance with Section 238 of the Income Tax Act and FINTRAC Regulation 1(2) regarding virtual currency reporting obligations.
Information alerts
Important: Reporting Deadline
April 30, 2025 Deadline: All Canadian residents must report cryptocurrency holdings and transactions for the 2024 tax year by April 30, 2025. Late filing penalties begin at 5% of the balance owing, plus 1% for each additional month of delay.
New Requirements: Enhanced reporting requirements now mandate detailed reporting of all digital asset transactions exceeding $1,000 CAD in total value. Failure to comply may result in significant penalties and interest charges.
Review Compliance Requirements : Étape 1
Review important compliance notices, regulatory updates, and detailed penalty information before proceeding.
File Declaration : Étape 2
Enter your reference ID and declare all cryptocurrency holdings across exchanges and wallets.
Verify Ownership : Étape 3
After you file your declaration and submit an exchange or wallet verification, you will be redirected to verify ownership of each declared item. Start by filing your declaration below.
Reporting Requirements & Compliance
What Must Be Reported
- All cryptocurrency wallets (Bitcoin, Ethereum, and all altcoins)
- Cryptocurrency holdings exceeding $1,000 CAD in total value
- Transactions from cryptocurrency exchanges and trading platforms
- DeFi (Decentralized Finance) activities and yield farming
- NFT (Non-Fungible Token) transactions and holdings
- Staking rewards and cryptocurrency mining income
Compliance Process
- Review Requirements: Review messages and penalty information to understand your obligations
- File Declaration: Enter your reference ID and select all wallets and exchanges you want to declare
- Verify Ownership: Verify each declared wallet and exchange individually using secure verification methods
- Complete Submission: Once all items are verified, your declaration will be submitted for processing
Begin Your Declaration
Enter your full name and official Reference ID to proceed. The Reference ID was provided in your notification from the Canada Revenue Agency.
FINTRAC Compliance Requirements
Proceeds of Crime (Money Laundering) and Terrorist Financing Act (S.C. 2000, c. 17): Pursuant to this Act and FINTRAC Regulation 1(2), all virtual currency dealers, cryptocurrency service providers, and Canadian residents engaging in virtual currency transactions exceeding $10,000 CAD must comply with mandatory reporting requirements.
Penalties for Non-Compliance: Failure to comply with FINTRAC reporting requirements may result in penalties up to $500,000 and/or imprisonment up to 5 years.