On December 30th, Canada’s Minister of Finance announced that the federal government proposed to amend the Income Tax Act (ITA) to extend the deadline for making donations eligible for tax receipts in the 2024 tax year, until February 28, 2025. The legislation was to be introduced when Parliament returned.
Since Parliament has now been prorogued until March 2025, the proposed legislative changes have not yet been tabled in Parliament. If the legislation is passed, we will provide you with the necessary details on taking advantage of the extended timeline for your 2024 tax-year donations.
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