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”