Is Bitcoin Legal in Canada?
Yes. Bitcoin is completely legal to buy, hold, and sell in Canada. The Canada Revenue Agency treats Bitcoin as a commodity, and FINTRAC regulates Bitcoin platforms as Money Services Businesses.
How to Buy Bitcoin in Canada (2026)
The easiest way is through 1Bitcoin.ca:
- Create an account
- Verify identity (FINTRAC requirement)
- Send Interac e-Transfer
- Receive Bitcoin in your wallet
Bitcoin Tax in Canada (2026)
- Buying Bitcoin: Not taxable
- Selling Bitcoin: Capital gains tax, 50% inclusion rate
- Using Bitcoin for purchases: Taxable disposition
Keep records of every purchase and sale with dates and CAD values.
Canadian Bitcoin Regulation
FINTRAC: All Bitcoin platforms must register as MSBs and implement KYC. 1Bitcoin.ca has been FINTRAC-registered since 2020.
OSC: Bitcoin ETFs are regulated securities. Directly held Bitcoin is generally not a security.
CRA: Bitcoin is a commodity. Capital gains rules apply.
Bitcoin ETFs in Canada
Canada's Bitcoin ETFs trade on the Toronto Stock Exchange:
- Purpose Bitcoin ETF (BTCC)
- Fidelity Advantage Bitcoin ETF (FBTC)
- CI Galaxy Bitcoin ETF (BTCX)
These are eligible for TFSA and RRSP accounts.
The Bitcoin Ecosystem in Canada
Brokerage: 1Bitcoin.ca — FINTRAC-registered, non-custodial Bitcoin brokerage
Custody + Lending: DWM Canada — institutional custody and Bitcoin-backed loans
Capital Markets: BTC Inc. — structured credit products backed by Bitcoin
Why 1Bitcoin.ca for Canadians
- Non-custodial — Bitcoin delivered to your wallet
- FINTRAC Registered since 2020
- Bitcoin-only — no altcoins
- 20,000+ verified Canadians
- $300M+ in Bitcoin sold
- 4.8★ Google Reviews
- Canadian support 7 days a week
