• pH3ra@lemmy.ml
    link
    fedilink
    arrow-up
    9
    ·
    1 year ago

    Donations don’t get taxed. So if you own the charity you’re donating you get your own tax-free income

    • CanadaPlus@lemmy.sdf.org
      link
      fedilink
      arrow-up
      3
      ·
      1 year ago

      I mean, the caveat is that you can’t legally pull money back out of that charity. It’s got to be used for the stated charitable purposes.