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How Crypto is Taxed in Canada — What CRA Expects From You (2026 Guide)

  Published: April 2026 | Reading time: 11 min | Category: Taxes, Investing, Personal Finance A lot of Canadians still believe cryptocurrency exists in a tax-free grey zone. It does not. The Canada Revenue Agency is very clear on this: crypto is taxable, every transaction counts, and CRA has been aggressively pursuing crypto investors who don't report correctly. If you've bought, sold, traded, or earned any cryptocurrency in Canada — Bitcoin, Ethereum, Solana, or anything else — this guide explains exactly what CRA expects from you, what counts as a taxable event, and how to reduce your tax bill legally. The CRA's Official Position on Crypto The CRA treats cryptocurrency as a commodity , not a currency. This is a critical distinction. It means: Crypto is subject to either capital gains tax or income tax depending on how you use it Every time you dispose of crypto — sell it, trade it, spend it, or give it away — you trigger a taxable event Simply holding cryp...
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Controversial U.K. Plan to Send Asylum Seekers to Rwanda Sparks Debate


The British parliament recently passed a law that allows for the deportation of asylum seekers arriving on British shores without prior permission to Rwanda. Here are the key points about this contentious program:

  1. Background and Motivation:

    • The U.K. government’s plan was developed in response to a surge in migrant and asylum seeker arrivals via small boats from France.
    • Local asylum programs in the U.K. have been overwhelmed and underfunded, leading to housing asylum seekers in hotels where they remain unable to work until their claims are processed, which can take years.
    • These hotels cost the government nearly £8 million (approximately $10 million) per day to rent.

  2. The Rwanda Plan:

    • The new policy grants Britain’s immigration authorities the power to send any asylum seeker who entered the U.K. “illegally” after January 2022 to Rwanda.
    • Even if their aim is to claim asylum and they have legitimate grounds to do so, individuals arriving without prior permission can be immediately sent to Rwanda, which is approximately 4,000 miles away in East Africa.
    • Under this law, asylum seekers could be granted refugee status in Rwanda and allowed to stay there.

  3. Controversy and Criticism:

    • The program has faced intense controversy and political wrangling.
    • In November 2023, the U.K. Supreme Court ruled the program unlawful, citing violations of the European Convention on Human Rights. The concern was that genuine refugees might be deported back to their home countries, where they could face harm.
    • Human rights groups and the United Nations refugee agency have condemned the plan.

  4. Royal Assent and Ongoing Debate:

    • The bill now awaits King Charles III’s royal ascent to become an official law.
    • The plan has been criticized by various parties, including King Charles III himself, who reportedly called it “appalling” when it was first proposed.

  5. Recent Tragedy:

    • Hours after the law was passed, French officials reported that at least five people, including a child, drowned in the English Channel while attempting to reach the U.K. on an overcrowded small boat.

In summary, the U.K.'s decision to send asylum seekers to Rwanda remains a highly contentious issue, with strong arguments on both sides. While proponents see it as a deterrent to illegal entry, critics raise concerns about human rights and the safety of vulnerable individuals fleeing persecution. The debate continues as the program awaits final approval from the monarchy.

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