Does Crypto.com Report to the CRA?
If you’re a Crypto.com user in Canada, it’s possible that the CRA already has information about your crypto. Learn more about what Crypto.com reports to the CRA.
The CRA regularly collects data from cryptocurrency platforms, including past transaction records secured through legal processes.
Crypto.com is registered with FINTRAC and the CSA, adhering to rules that mandate the collection of customer information to combat tax evasion and money laundering.
As a major global exchange, Crypto.com is likely under CRA pressure to share user data.
Is Crypto.com legal in Canada?
Yes, Crypto.com is legal in Canada.
As of May 2025, it has secured a restricted dealer registration, allowing it to offer crypto asset products and services across all Canadian provinces and territories. This registration enables the company to operate legally while pursuing full registration as an investment dealer and membership with the Canadian Investment Regulatory Organization (CIRO).
Additionally, Crypto.com is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a money services business, ensuring compliance with Canadian financial regulations, including anti-money laundering and counter-terrorist financing requirements.
Read next: Best Crypto Exchanges Canada
Does Crypto.com report to the CRA?
Crypto.com, like all legally operating crypto exchanges in Canada, must register with FINTRAC and comply with Know Your Customer (KYC) verification procedures.
The data they collect from users may be shared with other government agencies, including the CRA. In other words, it’s likely your information is shared with the relevant Canadian authorities.
What do crypto exchanges report to the CRA?
The CRA hasn’t disclosed exactly what information it receives from crypto exchanges. Here’s what we do know:
Collaboration with exchanges: The CRA works with platforms like Crypto.com to collect customer data, ensuring Canadian investors are accurately reporting their holdings and paying the correct taxes.
Regulatory oversight: Since January 2022, all money services businesses in Canada must report transactions over $10,000 to the CRA. Crypto.com and similar platforms registered with FINTRAC are required to verify customer identities using government-issued ID and proof of address, linking individuals to their wallets.
International cooperation: The CRA is part of the Joint Chiefs of Global Tax Enforcement (J5), collaborating with global tax authorities to access cross-border data and investigate international tax evasion.
Blockchain analysis tools: Blockchain transactions are public and traceable. The CRA uses sophisticated tools to analyze this data and connect wallet addresses to specific taxpayers, identifying those underreporting or concealing crypto income.
How do I report my Crypto.com taxes to the CRA?
If you’ve earned gains, incurred losses, or generated income through Crypto.com transactions, you’re required to report this to the CRA in your annual tax filing.
Since Crypto.com doesn’t issue tax documents for Canadian users, many investors turn to crypto tax calculators like Koinly to accurately determine their gains, losses, and income.
Read next: Canada Crypto Tax Guide
Report your Crypto.com taxes with Koinly
Koinly simplifies tax reporting for Crypto.com users in Canada. You can easily import your transaction data using an API or upload CSV files from Crypto.com, along with data from over 900 other supported exchanges, wallets, and blockchains.
Once imported, Koinly calculates your capital gains, losses, income, and other key figures, generating the reports you need to file your taxes with the CRA. Learn more about generating your Crypto.com tax forms.
FAQs
Do I have to pay tax on my Crypto.com transactions?
Yes. Any capital gains or business income from your Crypto.com transactions are taxable. Learn more in our crypto tax Canada guide.
Do I need to file a Form T1135 for Crypto.com?
Canadian individuals holding specified foreign property (SFP), including crypto assets, worth over $100,000 CAD at any time during the year may need to file Form T1135 with the CRA. Whether Crypto.com qualifies as foreign property is unclear, so it’s best to consult a tax professional.
Is Crypto.com registered with FINTRAC?
Yes. Crypto.com is registered as a Money Services Business (MSB) with FINTRAC and operates legally in Canada with a restricted dealer registration in all provinces and territories.
How do I avoid Crypto.com taxes in Canada?
While you can’t legally avoid paying taxes on your crypto, you can reduce your tax bill with strategies like tax loss harvesting. Tools like Koinly offer features for tax optimization to help you benefit from these strategies. For more, check out our guide on reducing crypto taxes in Canada.
