Notes on the Writing Life: TWUC

Notes on the Writing Life

Notes on the Writing Life
Showing posts with label TWUC. Show all posts
Showing posts with label TWUC. Show all posts

Monday, June 23, 2008

Notes to a young writer

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A young Canadian writer's debut has been recently heralded "brilliant." I agree totally! Pasha Malla is a writer of great talent: his short stories, recently published in The Withdrawal Method, are gems. Note his name: you will be hearing it often.

My immediate thought was to congratulate him — which I did — but my second was to send him financial advice.

And that advice (applicable to writers in Canada) is:

1) Incorporate

In Canada, a writer might work for ten years on a book, scrimping to get by. Say that book is published and is an international hit, maybe (dream on, why not?) there's even a movie deal. The author, happily, is hit by a year of big advances. Well ... perhaps not as big as it looks, for the Canadian government, on the faulty assumption that this is a regular annual income, nabs as much as half.

Unfair, right? Right! In other words, in Canada, there is no "income averaging" by which an author can say, "Yes, I made $250,000 this year, but I was earning peanuts while working on that book for 10 years, so really it's more like $25,000."

The only way around this is for a writer to incorporate. There's nothing to be done about a title once out (I'm told), but all as-yet-unpublished works would come under the Writer Inc. umbrella and benefit from income averaging. The Writers' Union of Canada has information available on this (see #3 below).

2) Register titles with Access Copyright Canada.
This costs nothing and brings in a nice cheque in the hundreds every year. What's not to like?

A third bit of advice is more of a pitch:

3) Join the Writers' Union of Canada. TWUC is making great lobbying efforts to get income averaging in Canada for writers as well as a number of other important legislative changes that affect the lives of writers. The more members, the louder the voice. It's worthwhile, but most of all, it's important.

Afternote: author Merilyn Simonds added in a comment: "Great advice Sandra. And don't forget about Public Lending Right. Sign up for PLR and you'll get another tidy cheque once a year to compensate for library use of your books. These programs were both initiated by the Writers' Union — another good reason to join!"
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