Tax Tips
Corporate Art Collecting
From the small home office, to the hallways of a large corporation, there are many benefits for business owners looking to purchase Original Canadian Art.
Did you know the Canadian tax law allows business owners to purchase and write-off Original Canadian Art in its entirety? The acquisition of Original Canadian Art is included in the Capital Cost Allowance for all Canadian businesses, as long as the Artist was a Canadian Citizen when creating the work and the work of art is an Original worth a minimum of $200.
Original art is an investment that you can enjoy, visually. You are the owner of a one of a kind piece of art. You are investing in Canadian heritage and your investment will ensure this heritage will continue to live on and inspire the next generation of Canadian artists.