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Are my NFTs taxable in Canada?
Rounding it up
Most NFTs are taxable in Canada when you sell them.
The amount of tax that you’ll pay depends on a lot of factors, including whether you’re selling NFTs as a personal investment or as part of a business.
Digital asset taxation is new in Canada, so laws and regulations may change in the coming years.
It’s always best to consult a qualified accountant who understands digital asset taxation to ensure that you’re not over or underpaying at tax time.
Gaby Pilson
Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.
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