If you don’t want to read this whole report and simply want to know if you can deduct a Canadian art purchase as an expense to reduce your taxable income, the short answer is…
YES, Canadian art is tax deductible…
if you are operating a business (incorporated or unincorporated, including freelancers and sole proprietors), and the piece of art has been purchased with the intent of holding on to it for a long term, to benefit your place of business (e.g. exhibited in a place of business where it will be seen by clients and/or employees). If this applies to you, we recommend reading on to understand the intricacies of deducting art.
OR Copy/Paste link.
https://artmatch.ca/is-canadian-art-tax-deductible/#:~:text=NO%2C%20Canadian%20art%20is%20not,to%20re%2Dsell%20for%20profit.