Your GIC is About to Pay Even Less.
Crypto Staking Won't.

Under CRA's January 2025 guidance, depositing crypto onto a CSA-registered platform generally does not trigger a taxable disposition. The act of staking itself also generally does not constitute a disposition. You are taxed on staking rewards as income at the time they are received. Consult a Canadian tax professional for advice specific to your situation. Read our full CRA guide for more detail.

Yes. We accept CAD deposits via Interac e-Transfer and domestic wire transfer. You can also deposit crypto directly from any self-custody wallet. CAD deposits are converted to the asset of your choice at the mid-market rate with a transparent fee shown before you confirm.

You can initiate an unstake at any time. The unbonding period depends on the network: ETH takes 2–5 days, SOL 2–3 days, ADA has no unbonding period, and DOT requires 28 days. During the unbonding period your assets remain in your account but do not earn rewards. Once complete, you can withdraw to your wallet or hold on platform.

Crypto assets held with StakeOnix are not CDIC-insured. CDIC coverage applies only to eligible Canadian dollar deposits at member institutions. However, we segregate all client crypto from company assets as required by Canadian regulators, hold 80%+ in regulated cold custody, and publish weekly proof-of-reserves attestations. We are transparent about what we can and cannot guarantee.

Minimums vary by chain: 0.01 ETH for Ethereum, 0.1 SOL for Solana, 1 ADA for Cardano, and 1 DOT for Polkadot. There is no platform minimum; you can start with whatever amount you hold. CAD deposit minimums apply and are shown during the deposit flow.

Coinbase is a US-registered exchange; it does not hold CSA registration, and its Canadian staking products operate under different regulatory conditions. Wealthsimple Crypto does not currently offer native chain staking. StakeOnix is purpose-built for Canadian stakers: CAD deposits via Interac, CSA registration, segregated client assets, and proof of reserves, all in one place.

We currently support Ethereum (ETH), Solana (SOL), Cardano (ADA), and Polkadot (DOT) for staking. Additional chains are evaluated based on regulatory clarity, network security, and Canadian demand. Sign up for our newsletter to be notified when new chains launch.

Staking rewards are calculated based on the underlying network's reward rate at the time of staking, minus a platform fee (shown transparently before you confirm). Rewards accrue daily and are visible in your dashboard. APYs shown on this page are updated every 24 hours and reflect current network conditions; they are estimates, not guarantees.

Currently, the CRA does not permit crypto assets to be held inside a TFSA or RRSP because crypto is not a "qualified investment" under the Income Tax Act. Staking rewards earned in a non-registered account are taxed as income in the year received. However, if you convert staking rewards into a qualifying investment (such as a crypto ETF listed on a designated stock exchange) and then transfer them into a registered account, different rules may apply. We strongly recommend consulting a Canadian tax advisor for your specific situation.

Log in to your StakeOnix account and navigate to Deposit. Select CAD and choose Interac e-Transfer. You will receive an email address to send your e-Transfer to along with a security question and answer. Initiate the transfer from your Canadian bank account using your online or mobile banking app. Deposits typically arrive and are credited within 15–60 minutes during business hours. There is no fee charged by StakeOnix for Interac deposits; your bank may charge a small fee depending on your account type.

Slashing is a penalty mechanism built into proof-of-stake networks that reduces a validator's stake for protocol violations (e.g., double-signing). StakeOnix uses professionally operated, institutional-grade validators with automated slashing protection. Your exposure to slashing risk is minimal, but it is not zero, and we disclose this honestly. We have never experienced a slashing event on behalf of clients.