The business side of photography
Does a camera have a speedometer?
I received a request a few days ago to photograph a Toronto conference later this month. The event organizer said they expected the photographer to deliver a minimum of 125 pictures per hour. Huh?
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Canadian professional photographers, like many other business owners, may be thinking about income tax this time of year. They may even be thinking:
. . . prior to the introduction of the Accelerated Investment Incentive, a property in Class 8, which has a prescribed rate of 20 per cent, would be eligible for CCA of 10 per cent of the cost of the property in the year it becomes available for use, due to the half-year rule. Under the Accelerated Investment Incentive, the taxpayer will be eligible for CCA of 30 per cent of the cost of the property—that is one-and-a-half times the CCA calculated using the prescribed rate of 20 per cent or three times the 10-per-cent CCA that could otherwise be claimed in the first year.
My annual look back at some of the photo purchases I made in 2019.
This is a well-made roller bag and most things about it are quite good except:
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Imagine if a restaurant charged for its meals based only on the time it takes to prepare the food. What if clothes were priced based only on the time it took to sew that piece of clothing? How about a grocery store that priced by the hour? For example, you get all the groceries you can grab for a rate of, say, $200/hour.
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This picture has nothing to do with this post. It’s just another view-from-my-office photo.
Are you thinking of buying new photo gear or other expensive business items? If so, December offers a couple of tax benefits.
Many businesses, especially sole proprietorships, have their fiscal year match the calendar year because it makes doing your income tax easier. If this describes you then December purchases might be beneficial.
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I do real estate photography for construction companies that build or renovate homes in the greater Toronto area. Often I photograph a home before construction has begun and then return weeks or months later to picture the finished work.
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This is another view-from-my-office photo.
It was obvious while photographing some of the federal election campaigns over the past two weeks that news media turnout has drastically dropped over the past three federal elections.
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