Protect Your Income in a Gig-Based Industry.
From managing irregular cash flow to setting up Loan-Out Corporations, we provide elite tax strategy for Canada's actors, directors, and production professionals.
Film & Entertainment Tax Estimator
Compare Sole Proprietor vs. Loan-Out Corporation
Agent fees, union dues, travel, equipment, etc.
Potential Tax Deferral
Extra capital kept in a Loan-Out Corporation compared to filing personally.
This tool is for general information only and does not replace professional tax or accounting advice.
The Financial Realities of the Film Industry
The entertainment industry operates differently than any other sector. Your income is highly variable—you might have a massive six-figure year followed by months of strikes or downtime. Without strategic tax planning, high-earning years can result in punishing personal tax bills, leaving you with little capital to survive the lean periods.
At Teixeira Accounting, we specialize in the unique financial architecture required for film and entertainment professionals in Toronto. We help you structure your affairs to smooth out your income, maximize your industry-specific deductions, and protect your wealth.
Loan-Out Corporations
For high-earning actors, directors, and producers, operating as a sole proprietor is tax-inefficient. We establish Loan-Out Corporations to cap your tax rate at the small business limit (12.2% in Ontario) rather than the highest personal marginal rate (53.53%).
Income Smoothing
By retaining earnings within your corporation during lucrative years, you can pay yourself a steady, predictable salary or dividend during slower years, drastically reducing your lifetime tax burden.
Maximizing Industry Write-Offs
Many entertainment professionals leave money on the table by failing to track and claim eligible expenses. The CRA has specific rules regarding what can be deducted by artists and performers.
- Agent & Management Fees: Fully deductible commissions paid to your representation.
- Union Dues: ACTRA, DGC, WGC, and other professional guild memberships.
- Promotion & Casting: Headshots, demo reels, website hosting, and PR expenses.
- Travel & Wardrobe: Specific rules apply to travel for auditions and specialized wardrobe not suitable for everyday wear.
Why Choose Teixeira Accounting?
At Teixeira Accounting Firm Inc., we don't just record history; we write your financial future. Most accounting firms are reactive—they wait for you to bring them problems. We are proactive architects of your wealth and business growth.
Whether you're a scaling enterprise or a high-net-worth individual, we provide the strategic oversight, tax optimization, and bulletproof compliance you need to operate with absolute confidence.
The Teixeira Advantage
Proactive Tax Strategy
We don't just file your taxes; we actively look for ways to reduce your tax burden year-round.
Bulletproof Compliance
Our rigorous quality control ensures your filings are accurate, minimizing audit risk.
Dedicated Advisory
You get a dedicated partner who understands your business deeply, not just a once-a-year tax preparer.