Use of Letter of Commitment for Tax Purposes

To streamline the income verification process, improve security, and ensure compliance with tax regulations, grant recipients that received $500+ from Creative Saskatchewan are to utilize their Letter of Commitment (LOC) with Creative Saskatchewan as a means of income verification for the 2024 tax year.

You may provide your LOC to your tax preparer as support for income earned. If you prepare your own taxes, enter the amount into “other income”. This approach not only enhances transparency but also assists you in meeting your tax reporting obligations.

LOCs comprehensively outline the terms and conditions of the grant, including the awarded amount and the designated purpose of the grant.

Utilizing a written agreement will provide both parties with a clear understanding of their respective rights and responsibilities, facilitating a smoother and more efficient tax reporting process.

LOCs can be obtained by logging into your profile in our Grant Management System (GMS).

• If your grant is still open, your application will appear under “Active Applications”.
• If your grant is completed and final reporting is approved/complete, your application will appear under “Archived Applications”
• In your application, the Letter of Commitment is available for download under the “Results” tab.

Please note that if your second payment was adjusted or you did not receive the full amount during the calendar year, you should only include the funds you actually received during the year. Any future funds secured would be counted towards your 2025 tax return.

We truly value your ongoing partnership and express our sincere gratitude for your invaluable contribution to the arts community. Thank you for being an integral part of our shared commitment to fostering creativity and cultural enrichment.