Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Principal Issues: What expenditures can be claimed in determining the business income of a writer for income tax.
Position: Reference materials provided.
Reasons: Whether certain expenditures are deductible is a question of fact and our position regarding specific deductions are contained in a number of ITs.
XXXXXXXXXX
2013-048646
Charles Rafuse
(613)247-9237
May 7, 2013
Dear XXXXXXXXXX:
Re: Expenses of a Writer
This is in response to your email of April 22, 2013 and our telephone conversation (XXXXXXXXXX/Rafuse), concerning the determination of the business income of a writer for income tax purposes.
Our Comments
As agreed, we are providing a list of the Interpretation Bulletins mentioned during our telephone conversation which may be of assistance: IT364, Commencement of Business Operations, IT-128R, Capital Cost Allowance - Depreciable Property, IT-487, General Limitation on Deduction of Outlays or Expenses, IT-504R2 (Consolidated), Visual Artists and Writers, and IT-472, Capital cost Allowance - Class 8 Property. These documents can be found on the CRA website at http://www.cra-arc.gc.ca.
We trust that this information will be of assistance.
Yours truly
Michael Cooke, C.P.A., C.A.
Manager
Business and Capital Transactions Section
Business and Employment Division
Income Tax Rulings Directorate
Legislative Policy and Regulatory Affairs Branch
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 2013
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 2013
Email this Content