If you run a business, you might already know that donating to a registered charity is a great way to give back to the community. But did you know it also comes with meaningful tax benefits?
Because Vengeance Foundation is now a registered charity, any donations your business makes are fully deductible against your corporate income, up to 75% of your net income. That means you can support local emerging artists and community art programs — while paying less in taxes.
What does that really mean?
Let’s break it down in plain language:
- Say your business makes $100,000 in profit this year.
- If you decide to donate $10,000 to Vengeance Foundation, you can deduct that full amount.
- Now, your taxable income drops to $90,000 — so you only pay taxes on that amount, not the original $100,000.
How does it help your bottom line?
If your corporate tax rate is around 12%, here’s what happens:
- Without the donation, you’d owe $12,000 in taxes (12% of $100,000).
- With the donation, you’d owe $10,800 (12% of $90,000).
So that $10,000 donation effectively costs you only $8,800 after tax savings — and you’ve directly helped support exhibitions, artist programs, and cultural events that keep our local community vibrant.
It’s more than a tax benefit
Beyond the financial side, your support means you’re directly investing in emerging visual artists, inclusive programming, and a stronger cultural scene. You’re also aligning your brand with a charitable initiative that’s dedicated to real impact — not just in Toronto, but across Canada.
Ready to get involved?
If you’d like to explore partnership options or learn how your business can donate (and save on taxes), we’d love to chat. Reach out anytime at guru@vengeancefoundation.com
