TAX INCENTIVE - PURCHASING CANADIAN ART

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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