The Role of Digital Assets in RRSP Season

- Investors are increasingly relying on ETF products to gain exposure to certain asset classes, such as digital assets.
- IFIC reported that ETF net sales in January rose to $5.1 billion CAD from just over $4 billion CAD last year. (Source: Advisor’s Edge, February 22, 2022.)
- The deadline for contributing to an RRSP for the 2021 tax year is on March 1, 2022. (Source: Government of Canada)
- 3iQ’s bitcoin and ether ETFs, TSX:BTCQ and TSX:ETHQ, are eligible for RRSPs and other Canadian registered accounts such as TFSAs.


- 3iQ launched North America’s first major-exchange listed bitcoin fund back in April 2020 with the Bitcoin Fund (TSX: QBTC) originally pioneered enabling the ability for public investors to gain exposure to digital assets inside Canadian registered accounts back in May 2020 with The Bitcoin Fund (TSX:QBTC).

- Cryptocurrency earnings are treated as a capital gain or business income, which means that you will have to pay capital gains tax or income tax. (Source: BNN Bloomberg, February 17, 2022)
- 3iQ’s Bitcoin and Ether ETFs could simplify an investor’s tax reporting process, as gains and losses are consolidated into the brokerage accounts in which they are held.
- As risk-assets with historically high return profiles, bitcoin and ether gains which are solidified inside tax-exempt accounts could help shield investors come tax season.