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Businesses

Silence isn’t golden, it’s awkward. Imagine a bar or restaurant without music; you’re left with the aggravating sounds of clinking tableware, clanking pots and pans, and dishes being swept into bins by wait staff. What about a retail store without music? Boring at best. It’s a fact: Music helps business succeed. It creates an overall positive customer experience, with the potential to keep customers in the store longer so that they can spend more, eat more, and drink more. The money paid to play that music, through SOCAN licenses, is used to compensate music creators, whose music is used to make your business better and more successful. Join SOCAN to start using music in your business, legally and ethically, and support songwriters, composers and music publishers that create and nurture it.

Question

Are there any tax implications for me if the concert occurred a few years ago and I’m being paid now?

A.

In Canada, you pay taxes only on income received in that time-period.

The Weeknd
Member

The Weeknd

The Weeknd's speedy rise to world pop domination has been extraordinary. One of SOCAN's most celebrated songwriters, he’s been nominated for an Academy Award, and won two Grammies and nine JUNOs. The Weeknd began completely anonymously in 2011, breaking out with three download-only mixtapes of dark, moody R&B. His Beauty Behind the Madness album has sold more than three million units in America alone, where three of its singles have each sold multi-platinum. The title-track lead single from his current album Starboy was streamed 17 million times globally in its opening weekend, , and his April 2018 album My Dear Melancholy, was his third to debut at No. 1 on the Billboard U.S. charts.