CRA comments on whether an artist's activity constitutes a business.


In a June 22, 2018 Technical Interpretation (2018-0759891M4, Wirag, Eric), CRA stated that, in determining whether a grant or other form of assistance received by an artist is from a business (an activity carried on with the intention to earn business income in a sufficiently commercial manner), they review factors such as: representation by a dealer or agent; qualifications through public education and public recognition; and revenue from sales, commissions, royalties, fees and grants. No one factor is more important than the other, and all relevant factors are considered together.

For further information see Video Tax News Monthly Tax Update Newsletter, Issue No. 450.