A canvas having a border capable of being transformed into a frame or shadowbox is provided. The canvas may be blank or may be imprinted with a graphic design. The canvas may be transformed from a first orientation to a second or a third orientation wherein in the first orientation the canvas is in a generally flat configuration and wherein in the second and the third orientation the border of the canvas is folded backward to form a frame (in the second orientation) or forward to form a shadowbox (in the third orientation). In an embodiment, a slightly raised ridge may be present on the back of the canvas to allow the frame to lock into position when the canvas is folded backward. The extended tab portions of the top, the bottom, the front and the back may be removed to insert the canvas into a standard frame.