Donations of Cultural Property

As you set out to become a collector and donor of unique vintage photographs, you may be asking yourself: “What exactly is cultural property?”

Cultural property is property that has been determined and certified by the Canadian Cultural Property Export Review Board to be of outstanding significance and national importance in Canada.

The Canadian government has put special incentives in place to encourage Canadians like you to keep and to donate cultural property in the country.

 

VIA and Cultural Property:

At VIA, we believe that all the works donated by participants in our program should qualify to be the subject of an application for designation as cultural property.

In the future, should you wish for your donation to be considered for designation as cultural property, we will work together with you and the recipient institution to assist with the process.

 

The Process for Designation as Cultural Property:

The work must first be donated to a designated institution or public authority specified by the Minister of Canadian Heritage.

The institution makes an application to the Canadian Cultural Property Export Review Board (CCPERB) for designation.

The Board must determine if the property meets the criteria of outstanding significance and national importance.

Once determined, CCPERB has sole jurisdiction to determine the fair market value of the donation for income tax purposes.

VIA serves as the “first line of defence” in preserving objects of outstanding significance and national importance in Canada. VIA allows all Canadians to play an important role in preserving and building the nation’s cultural and heritage resources!

 

Find out about the tax Incentives of donating cultural property : TAX INCENTIVES

 

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