Let It Snow!

Let it snow!  Let it snow!  Let it snow!

As we speak, London, Ontario, Canada is being BURIED ALIVE by an Alberta Clipper dumping 25 cm of snow on the city!  We've been under a Winter Storm Watch for DAYS!  People have been panic shopping for food and gas!

When I was a kid in 1960's and 1970's the weather report would go something like this:

"And it's going to snow tomorrow, could be as much as a foot.  Back to Mike for the sports!"

Seriously, that was it.  It's going to snow tomorrow.  Nobody paid any attention to 25 cm of snow, other than I need 10 minutes to sweep it off of the car in the morning.  School buses didn't get cancelled, schools didn't close and gas prices didn't shoot up to take advantage of the panic shopping (what panic shopping?  The citizens weren't in a panic.).

At what point in time did "it's going to snow tomorrow" become "Environment Canada has issued a Winter Storm Warning".  That's not a storm!  When I was 16 and living in Nova Scotia, January 1977 to be precise, we got hit with a "winter storm" which was dumping 25 cm PER HOUR on us.  I shovelled 60 cm of snow out of the driveway 4 times before I gave up.  Houses had snow right up over the front door.  When a Nova Scotian tells you they can open the front door and stick the bottles of beer in the snow to keep it cold, they aren't joking.

So who is making all of the extra money by having people panic over 25 cm?  And whatever are we going to do if we get hit with a real winter storm?  Anyone else ever see 2 to 3 METRES of snow in 7 hours?  

So what does this have to do with bookkeeping?  Well, if you have a business facility which has a parking lot it no doubt needs to be plowed this morning.  If you pay for the snow plowing service keep the receipt (no receipt, no deduction!).  This would fall under the category of property maintenance and would be entered into your books as a property maintenance expense.

You run your business out of your home?  Again, if you pay a truck to plow your driveway, get a receipt for it.  You can probably claim that as part of the home maintenance expenses of which you can claim a portion of for income tax purposes (check with your accountant or tax specialist).  I personally am not responsible for the snow clearing where I live so I know I can't claim that.

However, if it's little Johnny or little Jane from the neighbourhood offering to shovel your walkway for a toonie, that's not a deductible expense.  First of all, children are usually not business owners and likely cannot issue you a receipt.  Secondly, you don't want to get caught up in the Child Labour Laws.  Yes, that's a joke but in all seriousness, you can't claim it as an expense.

That's it for this e-blast.  Now get out there and show the fear mongering media giants what Canadians are made of!  We aren't afraid of a piddly little bit of snow amounting to 25 cm!

Rigel

© Rigel Chiokis 2012 - 2017