Things I Didn’t Know I Could Deduct From my Taxes as an Actor.
When I first started making an income as a working Voice Actor in Toronto, I did not know what I was in for when tax season finally came around. After reading anything and everything I could find on the internet I realized there is an alarming lack of information out there for actors filing taxes in Canada. If you need information in the states, no problem, but north of the border there is much less to work with. For that reason, I had to really dig to find answers to my questions and I am happy to share some with you. Below you will find a list of things I did not know you can deduct from your taxes as an actor or performing artist in Canada ↓
Events and Workshops in the Industry
You may not think gong to a TIFF networking event or taking an improv class seems like hard work, but it definitely counts as it. You can claim a portion of the tickets or fees you paid at these as Professional Development when you file your taxes. Anything that has the potential to improve your skill set and create opportunities for more work can be included as well.
Costumes or Makeup
Anything you purchase to enhance the chances of you landing a role (aka income) such as makeup or costume pieces you use in an audition can be expensed when filing. Be diligent with this category and make sure to keep it within reason. If you use the same foundation daily and use it for one audition, it most likely cannot be deducted. However if you need to buy a specific costume piece for a unique role such as an apron you can file that with your professional expenses.
Recording or Home Studio Equipment
This one is especially important for voice actors as microphones and other recording devices can be extremely expensive. However even film and television actors may need a camera, ring light and other equipment to record self-tape auditions. A portion of these items can be claimed during tax season, this can make a big difference with the largest price point items.
Union Dues
This one is fairly straight forward as there is a section in self-employed deductions that specifically references professional dues or fees for self-employment. You can claim a portion of these dues because you pay them to increase your chances of securing better paying and more reliable income.
Agent Commission
This one also seems to be pretty well known but just in case it is not. You are able to deduct a portion of the commission that your agent takes when they help you in booking a gig and this helps to get a little bit of this back.
Lyft/ Uber Rides or Public Transport Fees
I know what you’re thinking, I can expense my Uber bills on my taxes?? Not exactly. But you can expense any trip that took you to and from an audition or meeting with your agent. A great rule of thumb is if it has the potential to create income for you, you can likely expense a portion of it.
Wifi + Cell Phone Bill
As an actor in Canada making an income you are most likely considered self-employed and therefor you can claim a portion of your Internet and cell phone bill as they are required to create job opportunities for you. Just make sure you do not claim 100% unless you have a phone that is used exclusively for business.