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Budget 2019 Changes Canada’s Art Laws, and More

Arts and culture organizations say they’re happy to see a restoration of incentives for cultural-property donations, and a boost to some arts-festival funding. 

National Importance.

It’s a phrase containing just two words.

But since a federal court ruling in June 2018, the presence of these two words in certain parts of the federal Cultural Property Export and Import Act have halted millions of dollars in artwork donations to museums and art galleries across Canada.

Yesterday, Budget 2019 offered a simple, if unexpected, solution to the impasse: a change to the act, and related taxation law, that means the “national importance” criteria no longer apply when it comes to obtaining specialized tax credits for artwork donations.

“Budget 2019 proposes to amend the Income Tax Act and the Cultural Property Export and Import Act to remove the requirement that property be of ‘national importance’ in order to qualify for the enhanced tax incentives for donations of cultural property,” says the budget document.

The new measure is considered effective as of Budget Day: March 19, 2019.

BUDGET 2019 ALSO OFFERS $16 MILLION MORE FOR SOME ARTS FESTIVALS

Kate Cornell, co-chair of the Canadian Arts Coalition, says she was pleased to see a boost of $16 million to the Canadian Arts Presentation Fund in Budget 2019.

“It’s been a decade since this fund has had any investment,” says Cornell over the phone. “And the fund is incredibly oversubscribed,” so that $16 million is needed.

Cornell notes that the Canada Council for the Arts is working toward a doubling of its budget, and many more performance and dance works are now being created as a result. But without a similar growth of performance venues, there is a “bottleneck,” she says, between creation and presentation. Read More. 













Justin Trudeau met with musician Elton John and partner David Furnish in September 2018 to discuss the Elton John AIDS Foundation. Performing arts festivals and the Canada Music Fund are among those sectors finding a boost in Budget 2019. Photo: Facebook.

Source: Canadian Art

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