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Is there a tax advantage of having something certified as Canadian cultural property?

April 26, 2017advantage Canadian certified Cultural Property tax

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Is there a tax advantage of having something certified as Canadian cultural property?

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Yes, donations of Canadian cultural property can be claimed up to 100 per cent of net income and any capital gain arising on the donation of the property is not taxable. For more information e-mail gift.plan@utoronto.ca or 416-978-3846.