collector | curation board member gmStudio

Tax question @shima 

Is degen tipping a “gift” and non taxable or is it like a restaurant server and it’s taxable income?

If this is taxable, what a nightmare.

Congratulations on perhaps being the first person to ask the question! 🍻

The CRA has no public commentary on $DEGEN specifically.  And there are no perfect parallels to draw from. 
(A few casts follow… tax musing,  not tax advice 😆)

However… I might argue that the receipt of $DEGEN tips are valueless until you participate in the airdrop.  At this point it would be income (like most other airdrops).  The value at this point is also more easily measurable.  Timing the income this way, where the gift is « accepted », seems more reasonable.

🙏
I’ll set 30% aside for next April.