[Verse 1] Digital world is changing how we pay our dues Platforms, crypto, NFTs - there's tax rules we can't lose The Digital Services Tax Act is coming into play Three percent on revenue when you hit that threshold way Seven-fifty million worldwide, that's the magic line Tech giants better get ready, it's collection time [Chorus] Digital, digital, every byte you earn Platform, crypto, staking - money that you turn Report it, track it, CRA's watching close Digital economy taxation - that's what matters most DST, DeFi, gig work too Canadian tax law's coming after you [Verse 2] Uber driver, freelance writer, platform work is real Every ride and every gig, income you must reveal Platforms must report the payments, T4As in the mail Twenty thousand transactions or two hundred rides without fail Gig workers better keep those records, receipts and every cost Business use of home and car, deductions can't be lost [Chorus] Digital, digital, every byte you earn Platform, crypto, staking - money that you turn Report it, track it, CRA's watching close Digital economy taxation - that's what matters most DST, DeFi, gig work too Canadian tax law's coming after you [Bridge] Bitcoin, Ethereum, altcoins in your wallet Capital gains or business income - how you trade affects your audit Disposition triggers tax events, fair market value rules Mining income, staking rewards - CRA's got all the tools NFTs are property, each sale could mean a gain DeFi lending, yield farming - profits aren't tax-free rain [Verse 3] Record keeping is essential in this digital age Every transaction, every swap documented on each page Crypto-to-crypto still counts as a taxable event Don't think trading coins for coins means zero dollars spent The CRA's position keeps evolving with the times Stay compliant, pay your share, avoid those hefty fines [Chorus] Digital, digital, every byte you earn Platform, crypto, staking - money that you turn Report it, track it, CRA's watching close Digital economy taxation - that's what matters most DST, DeFi, gig work too Canadian tax law's coming after you [Outro] Welcome to the future where your data pays the rent Digital economy taxation - every dollar's heaven sent To the CRA's collection, so report and pay your dues In this brave new world of taxation, you don't want to lose
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