Yes, certainly. The Income Tax Act has a provision that in certain circumstances where property is acquired and then subsequently donated to a charity, the fair market value of the property for purposes of the charitable donation tax credit will be the lesser of the cost of the property and its fair market value. This will apply where the property is acquired as part of a tax shelter, or when the property is given to a charity in a short period, within less than three years, or I believe it's 10 years if it can be reasonably concluded that one of the purposes of the arrangement is to obtain the tax benefit. There's an exception from that rule that currently exists for certified cultural property.
The concern is that certified cultural property could start to be targeted by tax promoters engaging in what are essentially sort of “buy low and donate high” schemes, where you would buy at one price, say $300,000, and then have it as certified cultural property at $100,000—there's the valuation which is certified by the board—and then donate at that value.