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Income Tax for Freelance Artists in the Age of COVID

Business & Arts NL is pleased to host Income Tax for Freelance Artists in the Age of COVID, a workshop featuring Jeannie French, Senior Manager of Enterprise Tax, and Lexton Lee, Manager of Enterprise Tax, with KPMG LLP. Whether you’re a practicing artist or just starting out, the goal of this workshop is to help you file your own taxes. In broad strokes, this session will focus on how the CRA typically deals with people working in the arts, how to calculate income and tax, and strategies for paying tax owed. There will also be a specific focus on the different government programs offered as a result of COVID in 2020.

We will provide an overview of how to calculate income originating from a variety of sources such as sales and commissions, honorariums and awards, grants, payroll, and personal investments. We will examine how to calculate tax generated from income originating from within Newfoundland as well as outside of the province. You will learn how to distinguish eligible from ineligible expenses and identify deductions (spouse, dependents, etc.) that may be applicable to you. The workshop will conclude with the taxability and treatment of the different government COVID relief programs, and will touch on specific questions submitted prior to the presentation.

While there will be an opportunity to ask questions at the end of the session, we encourage participants to submit questions in advance either through the registration form or by emailing our Program Coordinator Hazel Eckert, hazel@businessandartsnl.com by 5:00 pm on Friday, March 5. This will allow our presenters to prepare in-depth answers, offering you more insights during the sessions.

This workshop will be hosted via Zoom. A link to the event will be shared with your registration confirmation email.