Darcy
@gmdarcy
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.
3 replies
0 recast
2 reactions
Shima
@shima
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 😆)
3 replies
0 recast
0 reaction
Shima
@shima
The sticky parts of trying to argue a « gift », to me, are 1) ownership and 2) value. The person making the gift never owned the property in the first place. The $DEGEN don’t belong to the donor… they are just allocating FC’s tokens. The tokens have a demonstrable and measurable cash value.
0 reply
0 recast
0 reaction
