January 1st, 2025
BURLINGTON, ON
Many people would have missed this late year-end announcement related to the extension of the deadline for making charitable donations that can be claimed on tax returns
The federal government is extending the deadline for making charitable donations that can be claimed on tax returns through to the end of February, the Department of Finance announced in a press release today.
The federal government intends to amend the Income Tax Act to extend the deadline for making donations eligible for tax support in the 2024 tax year, until February 28, 2025.
The department said this was being done to “mitigate the impacts of the four-week Canada Post mail stoppage by providing donors with sufficient time to ensure their contributions are received and processed, helping charities ensure they can deliver vital services to the communities that depend on them.”
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Great news! Now the $200 Dougie Re-election bribe said to be arriving by February can be redirected to a hospital or other institution that suffers from provincial underfunding and you can get an income tax charitable deduction!
Still has to go through parliament, Let’s hope it gets through before a “lack of confidence” situation. I can’t see the Cons denying this though. Would not look good on them.
Good news.Thanks for posting the info.