Tax Incentives for Investing in Canadian Art!

Did you know that taxpayers who purchase or rent Canadian artworks either for their personal office or for the common areas of their place of business can claim a tax deduction for the cost of the purchase or rental?

To be eligible for tax deductions, the artwork should be greater than $200 in value (verifiable by invoice/receipt).

 

The artwork must have been created by a Canadian artist and must be exhibited in a place of business where clients will see it. Art rentals are also eligible for tax deductions, based on the cost of renting the art.

 

Speak with your accountant to find out how you can minimize your taxes by investing in Canadian art!

 

Contact Oeno Gallery to inquire about available Canadian Art. You can reach out to our team by email at info@oenogallery.com, phone 613-393-2216 or simply open up the chat at the bottom right corner as you browse art at oenogallery.com. 

 

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