🥰Anytime. Influencers who accept a ton of stuff might be in for a surprise with the CRA. The CRA is shifting its focus to social media. I was audited for broadcast expenses and event styling expenses a while back. It was a nightmare. Once you are in the media, the CRA will look closely at your business. I return stuff I shows on TV, unless I pay for it. It’s not worth the tax bill. It pisses me off that some influencers go on TV shows and brag about what they make. Many content creators and editorial people don’t make the kind of money influencers brag about. The CRA is going to think those who don’t make big money are lying. 😖
Thank you so much for sharing this, Janette!
🥰Anytime. Influencers who accept a ton of stuff might be in for a surprise with the CRA. The CRA is shifting its focus to social media. I was audited for broadcast expenses and event styling expenses a while back. It was a nightmare. Once you are in the media, the CRA will look closely at your business. I return stuff I shows on TV, unless I pay for it. It’s not worth the tax bill. It pisses me off that some influencers go on TV shows and brag about what they make. Many content creators and editorial people don’t make the kind of money influencers brag about. The CRA is going to think those who don’t make big money are lying. 😖