I came across a blog post discussing the tax implications of food blogging. Well of course I was interested enough to read it since one of my blogs is a food blog. The post was from an American perspective. I honestly had to laugh to think that the raw ingredients, travel to and from restaurants to take pictures of food, and similar expenses could be written off against any income a blog has. This may be true for established food magazines and other related food businesses but for the average food blogger who blogs for a hobby it isn't. On the other hand I recall a year or so ago reading how someone in New York was denied unemployment benefits because they earned a few dollars from Adsense. So when it comes to tax and financial implications of blogging, it is always advisable to do a bit of research as it applies to you where you live.
I live in Ontario, Canada. In essence there are no tax implication of blogging for non-business related blogs. A non-business (personal) blog is a blog that is not part of an existing business. Blogging is considered as a hobby much the same as making crafts or selling a few extra vegetables at a roadside stand. For example many crafters will rent a table at craft fairs to sell their crafts. The proceeds cover the immediate expenses with enough left over to buy more craft supplies but there is no annual net gain but rather a loss. Hobby losses cannot be used against other income and time spent doing the craft has no monetary value so cannot be factored in either. If my blogs' income reaches a point where there is a net income, something that is very difficult to do with many hobbies and even more so with blogging, then it would be declarable income. However, since I do not have another income and the personal tax exemption is $8881 meaning I would have to make a net income over that amount before paying tax. Trust me if I ever get to the point of making that much net income from my blogs you and everyone else is going to hear about it!
Garden Gnome
©2009-2010
Popular Posts
-
Embalmed (Netherlands) - The Chance to Mourn (demo 1992) DEATH METAL Demo, Independent 1992 1. The fear to sleep 04:14 2. Piece by piece 03:...
-
When I first started blogging I did not use post labels. A kind reader mentioned that if I used labels it would make it easier to find rela...
-
Right from the time I started blogging I have been of the mindset that you have to listen to your readers. I can remember the first time I ...
-
I joined BlogUpp a couple of months ago. Like any program I join I usually give it a trial period of one month. If I'm happy with what...
-
I do a fair amount of blog hopping on a daily basis. What I have noticed is a blogger for whatever reason hasn't blogged for awhile and...
-
Recently I had one of my Twitter followers make a tweet that said "Why do people blog under an assumed name - it's just wrong - lea...
-
Traffic exchanges are sites with the sole purpose of helping you get traffic to your blog. They generally work on the premise of for every...
-
Despair's Tiny Things(France) - Third (demo 1997) DOOM/DEATH/GOTHIC METAL Demo 1997 Self Released Track 2 is a re-recorded version of a...
-
Decay (Czech Rep.) - What's E...? (demo 1996) DOOM/DEATH METAL Demo, Self-released 1996 1. Autumnal 2. Hidden 3. Scape 4. Look 5. Wh...
-
Nugatory (Sweden) - Nugatory (EP 1995) DEATH METAL EP, Playwood Prods/Joker Music 1995 1. Intro 00:30 2. World of Pain 00:47 3. Annihilate 0...
Monday, April 19, 2010
Subscribe to:
Post Comments (Atom)
Search This Blog
Popular Posts
-
I recently came across a blog that talked about blogging in a public washroom. Now I haven't blogged in a public washroom. The worst I...
-
Sorcery (Fra) - Demo I [2000] BLACK METAL THANKS SIWY FOR A SOURCE TAPE!!! TRACKLIST: 1. Sorcery 2. In the Guts of Dwimorberg 3. Nyarlatho...
-
I have been conducting a blogging experiment the past month to see how adding a twitter feed to my blogs affects traffic. Up until a month...
-
Decay (Czech Rep.) - What's E...? (demo 1996) DOOM/DEATH METAL Demo, Self-released 1996 1. Autumnal 2. Hidden 3. Scape 4. Look 5. Wh...
-
L A HISTORIA(GR Á FICA) EN LA MEMORIA CUANDO "LOS BOLOS" ERAN LOS DUEÑOS DE CUBA-V ( 9-2-11-10:10AM ) En esta foto de 1989, ...
-
Azarius (USA) - Demo 1993 DEATH/BLACK METAL Demo 1993 Self released 1. Sacrifice 2. Angel-Beast of Satan 3. Necrophagus SIZE: 6 MB ...
-
Defender(Spain) - Demo 1993 HEAVY/THRASH/SPEED METAL Demo 1993 Self released 1. Darkness 07:14 2. The Dance of the Pain 03:52 3. Ri...
-
I posted almost a month ago a heads up regarding BlogExplosion . Honestly I would like to be the bearer of good news but it isn't good ...
-
Sepolcrum(Italy) - Promo 1994 DOOM/DEATH METAL Demo, Self Released 1994 1. Tears Of Autumn 2. Funebre SIZE: 25 MB DOWNLOAD: http://www.medi...
-
Everyone has heard of and is talking about the privacy issues at Facebook. According to a lot of tweets on Twitter as well as blog posts th...
Blog Archive
-
▼
2010
(277)
-
▼
April
(30)
- Why Are You Apologizing?
- Combining Twitter with Blogging
- Conducting a Blogging Experiment
- Proof of Payment Posts
- Comparing Yourself to Other Bloggers
- Using a Blogging Pseudonym
- Should You Inform Readers About Blog Construction
- Unexpected Traffic Spikes
- Blogging and Special Causes
- Authoring Multiple Blogs
- Can You Make Money Online?
- Tax Implications of Blogging
- Can You Make Money Blogging?
- A Question Asked Does Not Always Deserve An Answer
- Bashing Other Bloggers
- Adding Email Code to Let Readers Contact You
- Label Display on Blogs in Blogger
- Modifying Labels in Blogger Hosted Blogs
- As a Blogger Are You Listening to Your Readers?
- The Issue of Paid Links
- Another Google Heads Up
- What Happens on a Slow Blogging Day
- Check for Dead Links
- Heads Up - Blogsoldiers and BlogExplosion
- The Rule of Threes
- Learning from the Founders
- Daily Blogging
- My Evolution in Blogging
- Getting Your Blog Listed in Yahoo!
- Is Your Blog Indexed?
-
▼
April
(30)
No comments:
Post a Comment