David Baines of the Vancouver Sun just wrote an article dealing with the VIA Project entitled “Ontario company pitching controversial charitable donation scheme in Victoria: Canada Revenue Agency has disallowed similar ‘buy low, donate high’ schemes”
Here is a link to David Baines article: Ontario company pitching controversial charitable donation scheme in Victoria: Canada Revenue Agency has disallowed similar ‘buy low, donate high’ schemes
Macleans Magazine had an article on the VIA Project: “An artful scheme: One firm’s pitch to help people use a tax shelter by buying and then donating old photos is raising eyebrows in the art world and words of caution from experts”
I have written before on the Maclean article
Here is a note entitled “Advisory on Tax Shelter Gifting Arrangements by the Canadian Cultural Property Export Review Board”
If you are interested in understanding the Cultural Property regime you might find this blog note useful: “The Nuts and Bolts of Gifts involving Cultural Property” by Florence I. Carey -great Canadian paper