Notices, Intended Readership, Disclosure, Disclaimer, Copyright                                            5

Industrial and Economic Profile of the Actor                                                                                 7

Introduction                                                                                                                                           7

The Economics of Creativity                                                                                                             9

    1. Components of the Creative Experience                                                                                 9

    2. Economic Implications of Creativity                                                                                     10

Economic Profile of the Actor                                                                                                         13

Introduction                                                                                                                                         13

    1. Economic Activity of an Actor                                                                                               14

    1.1 An Actor's Goods/Service                                                                                                     14

    1.2 Economic Components of an Actor's Goods/Services                                                     15

    1.3 The Economics of Emotion Memory ~ A Component Example                                   17

    1.4 Tax Implications                                                                                                                      18

    2. Summary                                                                                                                                     18

    3. Ledgers                                                                                                                                        19

    3.1 Income Statement                                                                                                                   20

    3.2 Balance Sheet                                                                                                                           21

Professional Artists Designation & The Formula for Part-Time Work                                  22

Basis for Revenue Canada Position                                                                                                22

Validity of Revenue Canada Position                                                                                           22

Points of Clarification                                                                                                                       23

Proper Understanding To Combat Revenue Canada Position                                                   23

Painters, actors and fiction writers can make similar tax claims
by virtue of the nature of their product: the formulae for part-time work                             24

Appendix 1: Excerpts from the Actual Document
Submitted to Revenue Canada 1995                                                                                              27

    James O'Regan Audit Package                                                                                                    27

    Letter to Revenue Canada                                                                                                            28

    Industrial and Economic Profile of Cultural Sector Industries                                             29

Appendix 2: Revenue Canada Audit Letter (JPEG Image)                                                       44

Biography                                                                                                                                            46