Taxation and Grant Income

Have your taxes been reassessed by the Canada Revenue Agency (around grant or other income)? Please contact the Canadian Dance Assembly if you have been reassessed or audited. They are keeping track of how widespread the problem is and are advocating for changes.

Read Taxation Questions For Artists, a recent statement from the Canada Council for the Arts around these issues.

Also see Income Taxes and Your Grant, from the Canada Council… “The reception of a grant from the Canada Council for the Arts has different tax implications for everyone. At Council, we cannot provide advice on the income tax implications of your grant. Council recommends that you consult with a fiscal advisor to determine how the grant you receive will impact your personal and/or business income taxes. It is important to note that the payment terms of a grant may have an impact on the calculation of the taxes payable.”

Read the CBC article Revenue Canada demotes Halifax sculptor to ‘hobby artist’ and gives him $14K tax bill about the CRA’s audit of sculptor Steve Higgins.