We are excited to say that on April 8 we obtained our Canada Revenue Agency Charitable organization status. This means we can issue tax receipts! And pursue other grants. We provided $9,352 in financial assistance in Term 3 and could use some help to ensure we finish the year in the black and can fund…
Month: May 2024
How does a Tax Donation Work?
VEMS is a CRA registered charity and we rely on generous people. Donate pages like this one abound. But how does it work. Assuming you pay tax on every pay cheque, some of your charitable donations reduces the tax you pay. For example, if for an entire year, you donate $250 to charities that issue…