Enter your purchase and sale price, pick your province, and see exactly how much tax you owe — plus how much a TFSA saves you.
We'll send you a step-by-step walkthrough: how to open a TFSA, which Bitcoin ETF to buy, how to minimize future capital gains, and how to track your cost basis correctly for CRA.
FBTC (Fidelity, 0.39% MER) and BTCX.B (CI Galaxy, 0.40% MER) are both TFSA-eligible and commission-free on Wealthsimple. All gains stay tax-free.
Canada taxes only half of your capital gain. So a $10,000 gain at a 50% combined rate costs you ~$2,500 in tax — not $5,000. That's the 50% inclusion rate. This calculator applies it automatically.
On a $50,000 Bitcoin gain in Ontario, a TFSA saves you ~$6,688 in taxes. Open a TFSA, buy a Bitcoin ETF inside it, and never pay capital gains tax again — no matter how large the account grows.
Effective rates range from 23.25% (Alberta) to 27.00% (Nova Scotia, Manitoba). That gap costs you ~$1,875 extra per $50,000 gain in high-rate provinces. Know your number.