Cultural property

Budget 2019 proposes to remove the requirement that property be of “national importance”. This measure would apply to donations made after March 18, 2019.

Summary policy

October 25, 2002

Reference number

Key words

Cultural property (disposition, gift)

Policy statement

A certified cultural property is a property of outstanding significance and national importance to Canada, for which a certificate has been issued by the Canadian Cultural Property Export Review Board.

The Income Tax Act provides favourable income tax treatment for the disposition of certified cultural property to institutions and public authorities designated by the Minister of Canadian Heritage. This treatment includes a tax exemption for capital gains realized on the disposition of cultural properties to those designated institutions and, when disposition is by way of a gift to those institutions, the provision of a tax credit or a deduction to donors, up to 100% of their net income.


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