TAX INCENTIVE FOR PURCHASING CANADIAN ART FOR CANADIAN BUSINESS OR PERSON AS A BUSINESS
Check with your Accountant Professional - This is only information we have which NASSER.STUDIO and my other website platforms are sharing for your advantage.
Canadian Government Tax Incentive - recognizing the importance of the Canadian Art Market does have in place tax incentives promoting the purchases of Canadian Artwork.
BUY ART from a Canadian Artist.
- Encourage yourself to look into this advantage.
- Artwork: Photography, Paintings, Drawings, Sculptures, …etc.
- It is an amortization expense for individuals or corporations operating a business in Canada.
- Tax Deduction with certain criteria limits.
- Exhibited in a place of business where it is seen by clients.
- Buyer entitled to declining deduction of cost of purchase of artwork on federal and provincial level.
- Claim tax credit for buyer if registrant - GST PST HST QST.
- Rental of Artwork included if for business purposes.
- Not qualified under CAD$200
- Not qualified prior to 1900
BUY Photography. Original Photography. Frame It in a Gold Frame. Hang it and love it.
Check with your Professional Accountant.
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