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TranceAddict Forums > Local Scene Info / Discussion / EDM Event Listings > Canada > Canada - Toronto & Southern Ont. > Taxes
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jchung52
Supreme tranceaddict



Registered: Dec 2006
Location:

Doing them now. Such a pain with regular day job plus DJ income and school. Thanks for the reminder


___________________
"Silly Clubbers, Docks are for Boats"
Soundcloud

Old Post Mar-31-2011 16:21  Canada
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VDub
Scoundrel



Registered: Feb 2008
Location: Toronto

Getting my return monday...

Aaaaand it'll go right on the Visa...

Easy come easy go...


___________________
quote:
Originally posted by chinamon
chinamon is INCH MOAN.
LOL so fitting.

Old Post Mar-31-2011 16:30 
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jon jon
viva la clubland



Registered: Jan 2001
Location: Footwork

quote:
Originally posted by StereoPrincess
when are they due?

i always forget.


april 30


___________________
http://www.beatport.com/jonathan-rosa/

Old Post Mar-31-2011 16:50  Canada
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FunkyCrew
Ukranian Import



Registered: Feb 2006
Location: Soul Shakin'

quote:
Originally posted by VDub
Getting my return monday...

Aaaaand it'll go right on the Visa...

Easy come easy go...


putting mine back into my savings account - I owe myself a bit


___________________
Just surrender yourself to the rhythm,
With your hands up in the sky,
Feel the energy deep inside your system
And leave this world behind...

Old Post Mar-31-2011 17:12  Ukraine
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cammaxwell
Supreme tranceaddict



Registered: Mar 2007
Location: Toronto, Canada

quote:
Originally posted by jchung52
Doing them now. Such a pain with regular day job plus DJ income and school. Thanks for the reminder


I hope you're treating the Djing as a business, becuase you can write off lots of expenses such as buying tracks, DJ/studio equipment, and even the space you use in your house. Don't pay any tax on DJ income unless you made more than you spent on it (we both know it can be expensive!).


___________________
www.cammaxwell.com/ Facebook Group/ Fan Page

Old Post Mar-31-2011 20:15  Canada
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Adamo
womp womp



Registered: Jul 2005
Location: Mississauga

got my return last week.

Old Post Mar-31-2011 20:24 
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FunkyCrew
Ukranian Import



Registered: Feb 2006
Location: Soul Shakin'

quote:
Originally posted by cammaxwell
I hope you're treating the Djing as a business, becuase you can write off lots of expenses such as buying tracks, DJ/studio equipment, and even the space you use in your house. Don't pay any tax on DJ income unless you made more than you spent on it (we both know it can be expensive!).


do you guys get T4s from every place you Dj'ed at?


___________________
Just surrender yourself to the rhythm,
With your hands up in the sky,
Feel the energy deep inside your system
And leave this world behind...

Old Post Mar-31-2011 20:26  Ukraine
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cammaxwell
Supreme tranceaddict



Registered: Mar 2007
Location: Toronto, Canada

quote:
Originally posted by FunkyCrew
do you guys get T4s from every place you Dj'ed at?


lol....no, it's up to us to claim it. It's a cash business as a local, only the Guv pays by check.


___________________
www.cammaxwell.com/ Facebook Group/ Fan Page

Old Post Mar-31-2011 20:44  Canada
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Nrg2Nfinit
ItaloDiscoAddict



Registered: Sep 2001
Location: Ottawa

quote:
Originally posted by jester
Accountant did it lol

Can't wait to put some money into my TFSA


you don't need to wait for your accountant for that. the limit is 5000 per year. you could have contributed to your 2010 portion in january. If you havent contributed at all you can contribute a total of 15,000$.

Old Post Mar-31-2011 21:11 
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FunkyCrew
Ukranian Import



Registered: Feb 2006
Location: Soul Shakin'

quote:
Originally posted by cammaxwell
lol....no, it's up to us to claim it. It's a cash business as a local, only the Guv pays by check.


so you have 0 receipts for those gigs? aren't you worried you'll be audited? My roomie is self-employed, writes off a crapload of stuff (but she does tries to get T4s from all production companies she works with, which is sometimes 3-4 a month)
she got audited - got a notice for $700 outstanding she had to pay before Jan 01

quote:
Originally posted by Nrg2Nfinit
you don't need to wait for your accountant for that. the limit is 5000 per year. you could have contributed to your 2010 portion in january. If you havent contributed at all you can contribute a total of 15,000$.


that is correct actually
this year I got the TFSA GIC instead of a savings account - a bit of a better rate


___________________
Just surrender yourself to the rhythm,
With your hands up in the sky,
Feel the energy deep inside your system
And leave this world behind...

Old Post Mar-31-2011 21:32  Ukraine
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Carney
...



Registered: Sep 2003
Location: Temple

quote:
Originally posted by Reza
No need to worry, my accountant handles that



lol

Old Post Mar-31-2011 22:27  Canada
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VDub
Scoundrel



Registered: Feb 2008
Location: Toronto

quote:
Originally posted by cammaxwell
lol....no, it's up to us to claim it. It's a cash business as a local, only the Guv pays by check.


Are the clubs declaring the money that they're paying you if it's cash??


___________________
quote:
Originally posted by chinamon
chinamon is INCH MOAN.
LOL so fitting.

Old Post Mar-31-2011 23:12 
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TranceAddict Forums > Local Scene Info / Discussion / EDM Event Listings > Canada > Canada - Toronto & Southern Ont. > Taxes
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