Bill C-427: Reflecting the realities of Canadian artists
Check out this initiative to improve the lives of Artists
The culture industry is one of the biggest sectors of the Canadian economy. But due to their often irregular hours and inconsistent incomes, artists are nearly always disadvantaged both by punitively high taxation during years of high earning and by being ineligible for a number of federal programs such as Employment Insurance (EI), the Canada Pension Plan (CPP) and others.
Tyrone Benskin's Bill C-427 will begin to level the playing field by allowing Canadian artists to average their income over a period, achieving considerable tax savings over two to five years. This would follow the example of Quebec and of a number of foreign countries.
This is a deeply personal project for Mr. Benskin, who has been an artist for over 30 years. C-427 is born of an intimate understanding of the numerous and pressing challenges faced by contemporary Canadian artists.