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Dark Knight / Le Chevalier Noir
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How would it be taxable given the expense of going to Brazil? I would think that they would be able to deduct expenses against the honorarium.
With a few specific exceptions (ie, tuition, child care, etc) the Government really doesn't care what an individual's expenses are.
Paying the $63 (or whatever it is now) to register a Small Business, on the other hand, can open all kinds of doors on your tax return (while at the same time making it a lot more complicated). I would hope that anyone who is interested in coaching on a regular basis, who is not an employee of a larger company like CMA, would go this route.
The only phrase you have to keep in mind going that route is "Reasonable Expectation of Profit" - if you're not making a profit but claiming all these expenses, CRA will start wondering why... But if you're doing it legitimately, and not just as a tax dodge, it will save you hundreds or even thousands of dollars.
Considering that I get a T4 slip for an honorarium that I am given a few times a year, I would guess so.
It doesn't show up in the normal income box though, it's in one of the extra boxes that is never used on a T4 for a normal paying job. If you're interested, I can dig one out and find out which box number.
I am not in a position to demand anything now, I went to Brazil as a volunteer and I knew I wouldnt get payed. I just dont see how this could have happened that you guys got payed, and I did not.
I don't think this is a proper topic for ChessTalk, but as usual will make a comment on behalf of the CFC.
Nikolay: Both you and the other coaches are receiving the same honorarium. You will receive it shortly in the mail.
I am not in a position to demand anything now, I went to Brazil as a volunteer and I knew I wouldnt get payed. I just dont see how this could have happened that you guys got payed, and I did not.
“I was gratified to be able to answer promptly. I said, "I don't know."
I am not in a position to demand anything now, I went to Brazil as a volunteer and I knew I wouldnt get payed. I just dont see how this could have happened that you guys got payed, and I did not.
Yes, I was offered $350.00 for the services, and I believe Andrew received same package. I thought CFC offered you same thing, but I guess they did not. :(. I would suggest you contact Mr. McDonald or Mr. Gillanders, or wait for they reply to this post first.
I hope this helps.
Cheers. :)
Mikhail
I am not in a position to demand anything now, I went to Brazil as a volunteer and I knew I wouldnt get payed. I just dont see how this could have happened that you guys got payed, and I did not.
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