A Not Worthwhile Canadian Initiative

In the new Canadian federal government budget, a non-refundable tax credit worth up to $45,000 of net income is proposed for artists, to be called the Canada Creative Credit.
Some tax policy jargon: a tax credit is not the same as a tax deduction. For a tax credit, calculate your income tax owing based on revenues minus eligible expenses. Once you have figured out that amount, subtract the credit. Non-refundable means the credit can reduce the amount you owe all the way down to zero, but no fur