The surest way to reduce your taxes is to convert personal expenditures into allowable deductions. Turn even a hobby into a business and you’ll cut your tax bill.
In a more recent case, a high school teacher’s golfing activity was declared an activity with a profit motive, so he could legally deduct what once was his “hobby.”
Those crazy Americans. All they have to do is declare a hobby as a business with the intention of making a profit, although you don’t need to:
Remember you don’t have to show a profit — just a “profit motive.” In one case, despite 20 years of losses, the court found a profit objective and allowed the deduction of business losses in full for one company.
So. I maintain a stupid website. It’s my hobby. I want to make a profit from it. I made $100 from Google Ads last year. Does that mean I can deduct a lot of stupid crap from my income tax?! I suspect Canadian laws aren’t as sneaky. I’ll have to check.