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A tax deduction for decorating your office?!

Une déduction fiscale pour la décoration de votre bureau ?!

In fact, the purchase of (eligible) Canadian works of art to decorate the walls of your offices allows you to declare an "annual depreciation deduction corresponding to 20% of the amount paid to the federal government and 33 1/3% to the Quebec”!

Are eligible:

  • Prints, engravings, drawings, paintings, sculptures and other works of art of a similar nature whose cost is not less than $200;

- Tapestries or rugs woven by hand or whose applications are made by hand and whose cost is not less than $215 per square meter.

So don’t hesitate to encourage local talent!

Source: Raymond Chabot Grant Thorton “The taxation of works of art”