Tax benefits

There are tax benefits to be considered for both the organization and the donor.

Registered charity

Registered charities are exempt from income tax. Gifts made to a registered charity:

• by a corporation give entitlement to a deduction in the calculation of taxable income
• by an individual give entitlement to a non-refundable tax credit

Recognized arts organization

Recognized arts organizations are exempt from income tax, provided the following conditions are met:

• They are created and operated exclusively as non-profit organizations.
• No income is payable to their proprietors, members or shareholders.

Gifts made to a recognized arts organization:

• by a corporation give entitlement to a deduction in the calculation of taxable income
• by an individual give entitlement to a non-refundable tax credit