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Are non-fungible tokens (NFTs) taxable in Canada?
Rounding it up
NFTs, or non-fungible tokens, are digital assets like GIFs, images, songs, tweets, or sports plays.
NFTs allow creators to continue to profit off the sale of their art with embedded royalties, using blockchain technology to track ownership.
Canada taxes NFT sales depending on the type of income realized at sale; they’ll either be business or capital gains.
Dan Bucherer
Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.
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