Crypto receipt record
When payment arrives as a crypto-asset, the CRA expects the Canadian-dollar fair market value at the time of the transaction and the records behind it. Build one tidy record per payment.
Sale
At receipt
At conversion
Record
| Invoice | INV-1001 |
| Asset | USD-referenced stablecoin |
| Received at | 2026-11-02T15:04 |
| Transaction hash | — |
| Rate source | — |
| Province of supply | ON |
| Price before tax (CAD) | $1,000.00 |
| HST 13% | $130.00 |
| Total due (CAD) | $1,130.00 |
| CAD per unit at receipt | 1.3700 |
| Units due | 824.817518 |
| Income recorded (CAD, before tax) | $1,000.00 |
| Cost base of units received (CAD) | $1,130.00 |
| Converted at | 2026-11-03T10:30 |
| CAD per unit at conversion | 1.3600 |
| Proceeds (CAD) | $1,121.75 |
| Conversion fees (CAD) | $5.00 |
| Network fee (CAD) | $0.05 |
| Gain (loss) on conversion (CAD) | −$13.30 |
| Tax rates as of | 2025-04-01 |
| Note | Educational record template. Confirm treatment with the CRA or a qualified professional. |
Paying with crypto is treated like a barter transaction; use the fair market value in CAD at the time of the transaction and keep records of how you got it. GST/HST registrants calculate GST/HST on that fair market value. Whether a later gain is business income or capital depends on your facts. See CRA treatment of crypto received as business income and GST/HST on crypto payments.
How to use it
- Enter the CAD price and province of supply.
- Enter the CAD value per unit at the time of the transaction and your rate source.
- Add the later conversion rate and fees.
- Download the record as CSV for your books.
Default values are illustrative planning inputs reviewed October 30, 2026, not market data or any provider’s pricing. Replace them with your own statements. This tool is educational and is not financial, legal or tax advice.
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