Tax Checksinvestments
I swapped crypto for crypto - is that taxable?
Most people miss this completely.
Is this you?
- I traded one cryptocurrency for another
- No cash was withdrawn
- I assumed tax only applies when I cash out
"If I didn't convert to dollars, it's not taxable."
Crypto-to-crypto trades are treated as dispositions. Each swap can trigger a capital gain or loss even if no cash moved.
Why guessing is risky
- CRA reviews exchange data post-filing
- Missing one trade distorts your ACB
- Errors compound across years
Safe to ignore if
- No crypto was sold or swapped
- All activity occurred inside registered accounts
Stop and check if
- Crypto was swapped or exchanged
- Tracking software may have missed wrapped tokens or gas fees
Resolve the doubt
Check my crypto trade tax risk (2 minutes)We'll tell you if this needs reporting and what to do next.
"Most people uncover one missed taxable event affecting multiple years."