From fine art to classic cars and comic books, collectibles often require special tax, philanthropy and legacy considerations, says Scotia Wealth Management’s Robyn McCallum...
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Passion Assets: Recognizing the Full Value of Art & Collectibles

Canadian Family Offices
By Peter Kenter
December 2nd, 2025

From fine art to classic cars and comic books, collectibles often require special tax, philanthropy and legacy considerations, says Scotia Wealth Management’s Robyn McCallum

Assets such as fine art and collectibles may represent a sizable portion of a family’s wealth. However, these assets often require specialized knowledge to manage effectively and incorporate into a broader financial plan that recognizes their value. 

Robyn McCallum, director, art and collectibles, Scotia Wealth Management, heads up the firm’s new Art & Collectibles Advisory program, designed to integrate valuable collections into wealth, estate and legacy plans in a tax-efficient and financially prudent way.

These items have deep value, and not just financial value — cultural value, emotional value, they’re often tied to identity, memory, and legacy.

Robyn McCallum, Director, Fine Art and Collectibles, Scotia Wealth Management

Here, McCallum talks about “passion assets” and the complexities of art and collectibles when it comes to taxation, philanthropy and inheritance…