Vanillin–Schiff’s bases (VSB) were examined as thermal stabilizers and co-stabilizers for rigid poly(vinyl chloride) (PVC) in air at 180 °C. Their high stabilizing efficiency were shown by their high thermal stability value (Ts), which is the time elapsed for the detection of HCl gas, if compared with dibasic lead carbonate and cadmium–zinc soap reference stabilizers used industrially, with better extent of discoloration. Blending these derivatives with reference stabilizers in different ratios greatly lengthens the thermal stability and the extent of discoloration of the PVC. Condensation products of Vanillin with amines are very active biologically, besides having good complexation ability with metal ions. The Ni 2+ and Co 2+ complexes of VSB derivatives gave better thermal stability and less discoloration than the parent organic stabilizer. Also, blending these complexes with either of the used reference stabilizers in different ratios gave better thermal stability and lower extent of discoloration. Thermogravimetric analysis confirmed the improved stability of PVC in the presence of the VSB derivatives, compared to blank PVC, PVC stabilized with reference stabilizers and PVC stabilized with binary mixture of VSB derivatives with reference stabilizer. The stabilizing efficiency of Vanillin–Schiff’s base (VSB) derivatives is attributed to the replacement of the labile chlorine atoms on the PVC chains by a relatively more stable moiety of the organic stabilizer.