Canadian artist tax credit for works of art

Your Corporate painting might not cost you anything

Did you know that since 1981 the Quebec government has offered a tax credit that allows you to deduct the entire cost of a work of art created by a Canadian artist.

Follow this link for an explanation of the Quebec government’s tax measure

Revenu Quebec

For Canada this measure is a little different but offers you 20% deduction per year.

In fact, when you buy a work of art and display it at your place of business you will be able to write off your investment at 33.3% in the first year and years thereafter until the total of your investment has been refunded to you as a tax credit.

This is an excellent reason to invest in a corporate painting, a painting to embellish the decor of your office or to highlight the achievements of the Founding President or other.