Cultural Property Donations: Update
Malcolm Burrows Malcolm Burrows

Cultural Property Donations: Update

The charitable tax incentives for donations of certified Cultural Property – art and artifacts – is the richest in Canada. Cultural Property donations are exempt from capital gains tax and can be claimed against 100% of the donor’s net annual income over up to six years. The incentive is part of a complex regime that temporarily went off the rails due to a battle over a French Impressionist painting.

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Estate Donations of Art
Malcolm Burrows Malcolm Burrows

Estate Donations of Art

Fine art is an asset class that has been growing in importance among the affluent and is beginning to be a significant part of certain estate plans. One estimate pegged the international art market at €51 billion in 2014, and Canada has seen record prices at auction.

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