Charlene Tessier

Canadian Crypto Tax Expert | Your crypto journey is unique,your tax strategy should be too. Opinions my own.

[Charlene Tessier @cmmtessier]

CRA email: “We’d like more info about your Celsius reimbursement…”

Your heart rate: 📈
Your Koinly file: a hot mess
Your plan? Hopefully this 🧵

[Charlene Tessier @cmmtessier]

If that sounds familiar, I’m hosting a live Lunch & Learn this Friday with Bitcoin Well:

The Crypto Tax Stack Every Canadian Bitcoin Investor Needs

🗓 March 20
⏰ 12 PM ET

👉https://t.co/R815VSHGzz

[Charlene Tessier @cmmtessier]

Most Canadian Bitcoin investors don’t have a tax problem.

They have a record-keeping problem.

🧵

[Charlene Tessier @cmmtessier]

CRA doesn’t expect perfection.

But they do expect:
-Consistency
-Clear records
-Defensible ACB method

[Charlene Tessier @cmmtessier]

You bought:
1 BTC @ $1,000
1 BTC @ $890
1 BTC @ $945
Later, you sell 1 BTC.

How does CRA determine your cost basis?

A) First In First Out (FIFO)
B) Most Recent Buy
C) Adjusted Cost Basis (ACB)
D) You can choose whichever benefits you

[Charlene Tessier @cmmtessier]

Selling crypto at a loss… then buying it back too soon?

CRA calls that a superficial loss, and denies the deduction.

This catches people every December 👇
https://t.co/9V7Motzib8

[Charlene Tessier @cmmtessier]

Crypto tax-loss harvesting still works in Canada, if you do it right.

Sell too late, or miss one rule, and the deduction disappears.

Here’s the clean breakdown 👇
https://t.co/duG6hjNwiX

[Charlene Tessier @cmmtessier]

Gifting crypto this holiday season? 🎁

It’s not treated like cash in Canada and yes, it can trigger tax.

I break down what CRA actually expects (and how to avoid surprises):

https://t.co/oGvHQOcgah

[Bitcoin Well @bitcoinwell]

https://t.co/PiJqGVKKTu

@cmmtessier

[Charlene Tessier @cmmtessier]

The trap? Thinking imperfect records mean you can’t file.

The fix? Show reasonable effort and document your method.

#CryptoTax #CRA

[Charlene Tessier @cmmtessier]

🚨 Tax Trap of the Month:
“No records = no tax bill.”
Wrong.

[Charlene Tessier @cmmtessier]

The CRA expects you to rebuild cost basis from what you do have: bank transfers, blockchain explorers, even old email receipts.

[Charlene Tessier @cmmtessier]

If your records feel like a wobbly shelf, let’s fix it.

I help Canadian crypto investors rebuild CRA-ready reports from imperfect data.

DM me if you need help before tax season.

[Charlene Tessier @cmmtessier]

I once built an IKEA shelf without reading the instructions.

It looked fine… until I stepped back.

That’s when I noticed it leaned like the Tower of Pisa.

🧵👇

[Charlene Tessier @cmmtessier]

When it’s documented properly, the CRA accepts it.

That’s the difference between a leaning shelf and a report that actually holds up.

[Charlene Tessier @cmmtessier]

There’s no one right answer.

But as a Canadian crypto investor, you deserve more than hype.
You deserve structure, strategy, and clarity.

[Charlene Tessier @cmmtessier]

Canadian banks are buying U.S. Bitcoin ETFs BUT most investors are asking the wrong question.

It’s not “should I buy one too?”

It’s:
- Why they are buying
- And what that means for your tax strategy

Let’s unpack it 🧵

[Charlene Tessier @cmmtessier]

Next week I’m releasing the
2025 Canadian Bitcoin ETF Cheat Sheet 📊

- Who offers what
- Fee breakdowns
- How to choose based on your personal tax plan

Want it early?
📥 DM me "ETF" and I’ll send it first.