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Your life could be a write-off - Expert advice from a rock’n’roll accountant
In the songwriting business, “reasonable expectation of profit” can be significantly different from other businesses. The Canadian Revenue Agency (CRA) admits that there’s often a longer ramp-up period before a songwriter starts making a profit. That’s why it’s important for artists to work with an accountant who knows the business.
So you want to tour in the US?
Despite the economy, artists still want to travel in the US. Especially those living in Ontario and comparing drive lengths between Toronto-Edmonton versus Toronto-Albany, it makes sense for us to dip down south of the border to try our luck there.
While that’s true geographically, all artists need to be aware of the paperwork required to make this happen legally. There’s nothing worse than booking shows, organizing a tour and then getting turned away at the border.
Creative Commons 401(K) 2012
Rights, royalties, revenues & remuneration – How do we make money in this business?
Royalties are your songwriting revenues. They are the standard method of moneymaking in the music industry for songwriters.
As a songwriter, a creator of original material, you are the first rights holder. This is automatically granted to you under copyright law, thanks to the Canadian Copyright Act. Your diligence as a rights holder is key.
Songwriting duo credits S.A.C. membership with recent Factor Demo Grant win
We’re, Campbell + Green, a husband and wife duo who got serious about writing our own songs just a few years ago. Since then we have been actively educating ourselves on the craft of writing using whatever tools we can find. We’ve recorded a few CDs and are working on another. We are excited to say we just received word of our first FACTOR demo grant to assist in our work!
It’s never too late! Retired 9 to 5-er launches new career as singer/songwriter
For many years Jim Dorie was busy raising three children working a full time job in the oil and gas industry in Alberta. Life was busy.
Country Music Star and Songwriter Deric Ruttan on Living The Nashville Dream
Grammy and Juno Nominee Deric Ruttan has accumulated quite a list of achievements both as a performing artist and as a songwriter.