[Verse 1] Digital Services Tax Act knocks at your door Twenty twenty four brought changes we can't ignore Seven point five percent on qualifying revenue streams Tech giants face the music, CRA collects their dreams Platform operators must disclose every transaction Gig workers scrambling for proper documentation [Chorus] DST - Digital Services Tax Platform reports - no looking back Crypto gains - declare each trade NFT profits - taxes paid Staking rewards flow like income streams Digital wealth ain't what it seems [Verse 2] Uber drivers, Airbnb hosts beware T4A slips coming through the digital air Platforms tracking every ride and rental fee Quarterly statements flow to CRA's decree Twenty thousand threshold triggers their attention Missing forms lead to audit intervention [Chorus] DST - Digital Services Tax Platform reports - no looking back Crypto gains - declare each trade NFT profits - taxes paid Staking rewards flow like income streams Digital wealth ain't what it seems [Bridge] Bitcoin bought low then sold at market high Capital gains calculation, CRA's watchful eye DeFi liquidity pools generate taxable yield Validator nodes harvest blocks across the field Disposition triggers recognition every time Converting crypto pairs creates a taxable rhyme [Verse 3] NFT flipping generates business income rates Casual collectors face capital gains debates Proof of stake rewards hit your return as earned Mining operations see business profits churned CRA's position shifts like blockchain consensus Digital asset rules demand our full defensiveness [Outro] Track your basis, save those wallet addresses Digital breadcrumbs help with audit stresses Evolution marches through the tax code maze Navigate carefully through these digital days
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