Tool

Reward records, average cost and a later sale

Enter each reward credit and see your average cost and the gain on a sale, shown two ways.

Short answer

Each reward credit needs three numbers: the units received, the date and the CAD value that day. Averaged across credits they set your cost when you sell. In the default example, three credits worth $61.50 give a $9.00 gain on a later sale if treated as income, or $54.00 if treated as nil cost.

Figures as of November 3, 2026.

Mitey the yeti with a clipboard log — Mitey logs each reward credit on its own line with units, date and CAD value before anything else.

Reward credits

One row per credit: units received and the CAD price per unit that day.

Units you later sell or spend

CAD price per unit then ($)

Units held0.00082000

CAD value when credited$61.50

Proceeds of the sale$54.00

Two treatments people discuss because CRA has not addressed crypto card cashback specifically. Ignores fees, other holdings of the same coin, superficial-loss rules and business-income treatment. Not tax advice.
	A. Income when credited	B. Not income; nil cost
Income reported when credited	$61.50	$0.00
ACB per unit (average)	$75,000.00	$0.00
Capital gain on the sale	$9.00	$54.00
Taxable portion (one-half)	$4.50	$27.00

The tool’s default credits, both treatments

The tool’s default credits, both treatments: inputs, steps and result
Reward credits	0.00025, 0.00026 and 0.00031 BTCcredited at $82,000, $79,000 and $66,000 per BTC
Later sale	0.0006 BTC at $90,000 per BTC
CAD value when credited (all three)	$61.50
Proceeds of the sale	$54.00
A: gain if rewards were income when credited	$9.00average cost $75,000.00 per BTC; taxable half $4.50
B: gain if rewards had nil cost	$54.00taxable half $27.00

Try your own credits in the reward records tool →Computed 2026-11-03.