What Bitbuy provides

• Annual tax summary CSV: downloadable from Account → Reports. Shows all dispositions with CAD proceeds, ACB (FIFO basis on Bitbuy), and gain/loss per trade.
• Full transaction history CSV: all buys, sells, deposits, withdrawals, rewards.
• Reports to CRA: Bitbuy is FINTRAC-registered and reports user-level activity to CRA on request and under the new CARF framework.
• No T5008 for most retail users — you self-report.

What Shakepay provides

• Transaction history CSV: Profile → Tax & Reports → Download.
• Annual summary: aggregate buys/sells/Earn rewards per year.
• T5 (sometimes): Earn product payouts treated as interest-like income may be reported on a T5 if material.
• Reports to CRA: Shakepay is FINTRAC-registered and reports user activity.

How to pull each export

Bitbuy

1. Log in → Account → Reports
2. Select tax year
3. Download "Tax Summary" (CSV)
4. Also download "Transaction History" (CSV) for full audit trail

Shakepay

1. Open the app → Profile → Tax & Reports
2. Select 2026
3. Download "Transaction History" (CSV)
4. If you used Earn, check email/account notices for any T5 slip

The cross-exchange ACB problem

Bitbuy's tax summary uses FIFO ACB within Bitbuy only. Shakepay's export does the same for Shakepay. CRA requires weighted-average ACB across all your holdings of that crypto, not per-exchange. If you bought BTC on both, you must consolidate.

Example

• Bitbuy: bought 0.5 BTC for $30,000 CAD (ACB $60,000/BTC)
• Shakepay: bought 0.3 BTC for $25,000 CAD (ACB ~$83,333/BTC)
• True ACB: ($30,000 + $25,000) / 0.8 = $68,750/BTC
• If you sell 0.4 BTC on Bitbuy for $40,000, your true gain = $40,000 − (0.4 × $68,750) = $12,500, not what Bitbuy's summary shows.

The consolidation workflow

1. Export full transaction history from every exchange you used (Bitbuy, Shakepay, Wealthsimple Crypto, Newton, Coinbase, etc.)
2. Add wallet transaction history for any self-custody (Ledger, MetaMask, etc.)
3. Merge into one spreadsheet sorted by date
4. For each coin, maintain a running weighted-average ACB column
5. For each disposition, compute gain = proceeds − (units × current ACB)
6. Sum gains and losses for Schedule 3

Software that handles this

• Koinly: imports both Bitbuy and Shakepay CSVs natively. Best for multi-exchange users.
• CoinTracker: good for cross-exchange but weaker on Canadian-specific edge cases.
• Wealthsimple Tax: can import exchange CSVs but ACB must be pre-consolidated. See our Wealthsimple Tax review.

Common errors to avoid

• Trusting Bitbuy/Shakepay summaries for ACB when you also bought on the other
• Missing wallet-to-wallet transfers between exchanges (not taxable, but they do affect ACB tracking on each side)
• Forgetting to include Shakepay Earn rewards as income at FMV on receipt
• Using USD prices instead of CAD on the transaction date
• Not keeping the original CSVs — re-pulling years later is painful

The CARF reporting change in 2026

Both exchanges now share user-level transaction summaries with CRA under the international Crypto-Asset Reporting Framework. CRA already has your data — your file just needs to match. See how CRA tracks your crypto in 2026.

Estimate your tax bill

Once you have a clean total, run it through our crypto tax calculator to see the taxable amount after the 50%/66.67% inclusion rate.

Related guides

• How to Report Crypto on Your T1
• CRA Crypto Audit Guide
• Crypto Tax Canada 2026 Complete Guide
• Crypto ACB Calculator

Sources: Bitbuy and Shakepay public tax help pages, CRA Cryptocurrency guide, Schedule 3 instructions. Not tax advice. We do not accept referrals from either exchange. Last reviewed: April 22, 2026.