Canada Extends Deadline for 2024 Charitable Donations to February 2025

The Canadian government has announced an extension for the deadline to make charitable donations eligible for tax credits for the 2024 tax year. The new deadline is February 28, 2025. This announcement was made by the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, and the Honourable Élisabeth Brière, Minister of National Revenue.

The extension allows Canadians additional time to contribute to charities and claim these donations on their 2024 tax returns. The government plans to amend the Income Tax Act to facilitate this change. The announcement was made to provide clarity and support for Canadians planning their charitable contributions.

Minister LeBlanc noted that the extension provides Canadians with more flexibility in their charitable giving. Minister Brière emphasized the importance of facilitating charitable donations through this extension.

While the announcement is national, residents and charitable organizations in Clarington, Ontario, may find this extension beneficial as it provides more time to plan and make donations. This could potentially impact local charities by encouraging more donations during the extended period.

The federal government has not indicated any additional changes to the tax treatment of charitable donations beyond this deadline extension. Canadians are advised to consult with tax professionals or the Canada Revenue Agency for further information regarding their specific tax situations.