Just stumbled across this tax credit for ontario corporations in the record business: Here's the link: http://www.omdc.on.ca/Page3398.aspx Here's the details: Ontario Sound Recording Tax Credit What Is It? The Ontario Sound Recording Tax Credit (OSRTC) is a refundable tax credit based upon eligible production and marketing costs incurred by a qualifying corporation with respect to an eligible Canadian sound recording. How Much Is the Tax Credit? The OSRTC is calculated as 20% of qualifying expenditures incurred by an eligible sound recording company with respect to an eligible Canadian sound recording by an emerging Canadian artist or group. Who Is Eligible? An eligible sound recording company is a Canadian-controlled corporation having carried on a sound recording business in Ontario for at least 12 months as a corporation or, prior to incorporation, as a sole proprietor or partnership.* An eligible sound recording company must earn more than 50% of its taxable income in Ont...