Canada Council – Income Taxes and Your Grant
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“Receiving a grant from the Canada Council for the Arts has different tax implications for everyone. The Council cannot provide advice on the income tax implications of your grant. The Council recommends that you consult with a fiscal advisor to determine how the grant you receive will impact your personal and/or business income taxes. It is important to note that the payment terms of a grant may have an impact on the calculation of the taxes payable.”
