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In , British entrepreneur Timothy Stokely launched a new social media platform, namely, OnlyFans. OnlyFans is a subscription-based website that allows content creators and social media influencers to monetize their content such as videos and photos. In particular, OnlyFans is where content creators and media influencers post content that is too provocative or sexual for other social media platforms such as Instagram. Content creators or social media influences can allow free access to their OnlyFans page or they can restrict access by locking their content behind a paywall for a monthly fee or a "one-off" tip. Fans also referred to as subscribers who subscribe to an OnlyFans page must be at least 18 years of age and are required to provide a valid government identification to sign up.

OnlyFans has over 60 million users worldwide and is home to over , content creators , many of whom use the UK-based streaming platform as a primary or secondary source of income. While OnlyFans does allow users to share free content, the vast majority of creators on the platform use the streaming service to generate income by:. These apps all allow creators to earn money from affiliate marketing commissions, brand partnerships, tips, and even allow them to sell products and services. Additionally, many of the users on these platforms are younger influencers between 18 and 25, who may not be the most informed on Canadian tax laws. Unfortunately, this assumption is wrong, and has resulted in many content creators being required to pay back taxes to the CRA. OnlyFans creators who are earning revenue from their content are required to pay the same taxes as any other self-employed small business owner in Canada, including:.

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In , British entrepreneur Timothy Stokely launched a new social media platform, namely, OnlyFans. OnlyFans is a subscription-based website that allows content creators and social media influencers to monetize their content, such as videos and photos. In particular, OnlyFans is where content creators and social media influencers post content that is too provocative or sexual for other social media platforms. Fans also referred to as subscribers who subscribe to an OnlyFans page must be at least 18 years of age and are required to provide valid government identification to sign up. Web platforms, including OnlyFans, provide an interactive space between content creators and their fans, making it easier for them to monetize their content. According to the New York Times, when OnlyFans was established in , Dannii Harwood was one of ten content creators who gained subscribers.

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