TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

Income from investment

Forum|Forum|3 years ago
November 16, 2022
1 reply
12 views

Hi how do we calcuate taxes on the investment income from Crypto?

Level 6

Hi, @Makiko ! The short answer is, "Just like they were stocks or mutual funds." Income from the sale, exchange, or use of crypto is taxed as either a short- or long-term capital gain, depending upon whether it was held for more than a year, or one year or less.

I'm assuming that's what you mean by "investment income", but do be aware that if you received any other crypto-related income (e.g. airdrops, incentives, hard forks, etc.), those are taxed as ordinary income (which is generally a higher rate).

Hope this helps!

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"