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https://quickbooks.intuit.com/ca/resources/taxes/considerations-artists-performers/
Mar 01, 2019 · Self-employed artists and performers are also subject to the goods and services tax (GST) or harmonized sales tax (HST). If you make taxable supplies of your services of more than $30,000 …Author: Quickbooks Canada Team
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-229-other-employment-expenses/employed-artists.html
created a painting, print, etching, drawing, sculpture, or similar work of art. For income tax purposes, it is not an artistic activity when you reproduce these items; These expenses include any GST and provincial sales tax (PST), or HST, you paid. You may be able to get a rebate of the GST/HST you paid. For more information, see GST/HST Rebate.
https://turbotax.intuit.ca/tips/tax-tip-defining-a-working-artist-200
Dec 09, 2020 · The Canada Revenue Agency considers you a working artist if you meet certain criteria. These include if you composed a dramatical, musical or literary work, or performed as an actor, dancer, singer or musician in a musical or dramatical production. You are also eligible if you performed an artistic activity as a member of a
https://agtax.ca/tax-deductions-other-details-that-artists-in-canada-should-know/
Jul 08, 2015 · Qualifying Tax Deductions Scholarship Exemption: . An artist may exclude the first $500 of total scholarships, fellowships, bursaries, and prizes... Art Production Grant Exemption:. This is known as the ‘Art Production Grant Exemption’, and the grant received should be... Deduction for paid ...
https://www.sterncohen.com/tax-deductions-for-performing-artists/
As an employed artist, Canada Revenue Agency allows you to deduct an additional amount for other employment expenses, but this amount is severely limited. The amount you can claim is limited to the lesser of: $1,000; and. 20% of your employment income from artistic activities;
https://www.thebalancesmb.com/do-you-have-to-declare-hobby-income-in-canada-2947311
Aug 16, 2019 · What you consider to be a hobby may be a business in the eyes of the Canada Revenue Agency (CRA). If you are making a profit from it, then it is considered to be business income.You may not view what you're doing as actually running a business, but the CRA defines a business as "any activity that you do for profit."
https://www.thoughtco.com/canadian-sales-tax-rates-510599
Jul 01, 2016 · Sales Tax Updates . All Canada: The 2019 tax rate for all Canadians remained the same as in 2018. PST Update: On July 1, 2019, the Manitoba PST dropped from 8% to 7%. PST Update: On March 23, 2017, the Saskatchewan PST rose from 5% to 6%. HST Update: The HST increased 1% for Prince Edward Island on October 1, 2016.
https://www.artspace.com/magazine/art_101/guide/how-to-do-your-taxes-as-an-artist-55314
Mar 16, 2018 · We asked a specialist at TurboTax how one would go about filing taxes as an "independent working artist," and here's what they had to say: "If you are an independent working artist, you are considered to be in business as a sole proprietor. The sale would be reported as General Income in your business income unless the gallery gave you a 1099-MISC.
https://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · Like other professionals who work in a freelance capacity, artists typically earn untaxed income that they must report to the IRS—and if the artist had a clear intent to make a profit, their practice is considered to be a business.
https://www.cnbc.com/2017/08/07/canadians-may-pay-more-taxes-than-americans-but-theres-a-catch.html
Aug 07, 2017 · The OECD analyzes the tax burdens of 35 countries, including the United States and Canada.According to its data, in terms of total tax revenue as a …
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