All About You: Personal Financial Literacy Activity BYP9-4 In the "All About You" feature, you learned about actions that have been taken to strengthen Canada's copyright law and the radical changes in technology that are driving the need to update the law. You have recently graduated from a music program and have composed two songs that you believe a recording artist may produce. You are wondering whether you should get copyright protection for your songs. According to the federal government's Canadian Intellectual Property Office (CIPO), copyright is "the sole right to produce or reproduce a work or a substantial part of it in any form." Copyright protects "literary, artistic, dramatic or musical works (including computer programs) and other subject matter known as performer's performances, sound recordings and communication signals." You can register copyright for your songs with the CIPO by submitting an application form and a fee. You don't have to register with the CIPO in order for your songs to be protected. However, if you register, you will receive a certificate of registration of copyright to prove you own the copyright Instructions (a) What are the benefits to you of getting copyright registration for your songs? (b) When you register a copyright you are required to pay a fee for the registration. Should the registra- tion fee for the copyright be recorded as an asset or an expense? (c) According to the CIPO, copyright infringement is "violation of copyright through the unauthorized use of a work." Provide a specific example of infringement. If you were a professional songwriter, how would copyright infringement of your songs affect your finances