2024 Charitable Donation Deadline Extended to February 28, 2025 but Questions Abound
As initially reported, the Government of Canada announced on December 30, 2024 that “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.” This announcement means that donors intending to make donations that will qualify for a charitable donation tax receipt for the 2024 calendar year will have an extended period of time up to the end of February 2025 to make those donations.
This proposed extension aims to address disruptions caused by the recent four-week Canada Post mail stoppage. Legislation to enact the proposed extension is expected to be introduced when Parliament reconvenes in 2025. Currently, Parliament is set to reconvene on Monday, January 27, 2025.