Your digital assets include everything from your smart phone and
Amazon accounts to your social media accounts and web-based banking
applications. The Uniform Access to Digital Assets by
Fiduciaries Act (2016), as described below, defines a digital
asset as "a record that is created, recorded, transmitted or
stored in digital or other intangible form by electronic, magnetic
or optical means or by any other similar means". A digital
asset includes any electronic possession a person may have.
It may seem surprising that although Facebook was launched in
2004 and the first iPhone was released in 2007, there is still no
legislative framework for accessing, administering or disposing of
digital assets in Canada, except for Alberta as noted below.
