Does Coinbase report to the CRA?

Coinbase does not currently send the Canada Revenue Agency a yearly report on every Canadian customer, but that is set to change. The CRA can already obtain platform data through the courts, and a bill before Parliament in 2026 would make crypto platforms report users every year. Either way, you report your own gains.

Does Coinbase report to the CRA in Canada today?

Not on a routine basis. Coinbase operates in Canada as a dealer registered with the Ontario Securities Commission, CNBC reported in April 2024. That registration is about securities rules, not tax reporting.

For tax, the CRA's main tool is the unnamed persons requirement, a demand under section 231.2 of the Income Tax Act that needs prior approval from the Federal Court, Mondaq explains. It can make a platform identify a defined group of users. The Canadian Press reported that the CRA used one against Coinsquare and, in September 2025, against Dapper Labs. That report did not name Coinbase. How the CRA uses such data in audits is covered in does the CRA audit crypto.

When will Coinbase start reporting to the CRA under CARF?

Canada's 2024 budget first planned reporting from 2026. Draft legislation would create a new Part XXI of the Income Tax Act. Mondaq said in August 2026 that Budget 2025 had pushed the start date back to 1 January 2027. Bill C-31, introduced on 6 May 2026, applies the rules from 2027, CryptoSlate and Wealth Professional reported. As of June 2026 the bill was still before a House of Commons committee.

If passed in that form, platforms would file their first return for 2027 before 2 May 2028. They would report users' names, addresses, dates of birth, tax residence and tax numbers. They would also report yearly totals for buys and sells against cash, crypto-to-crypto swaps and transfers. Mondaq notes that the reports would not calculate anyone's gains or tax. The global system is explained in what CARF is.

Does Coinbase send tax forms in Canada?

Coinbase's own April 2025 guide for Canadians does not mention any tax slip. It tells users to generate transaction reports from the exchange and to work out their adjusted cost base themselves, the figure used to calculate gains.

The CRA also warns against relying on a platform alone. It asks you to keep trade and transfer ledgers, wallet addresses and Canadian dollar values for at least six years. It also suggests exporting your history regularly in case an exchange closes or you lose access. The tax rules themselves are in how crypto is taxed in Canada.

Rules differ by country and change often. Check the tax authority or a qualified professional for your own situation.