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Extension of 2024 charitable donations - Canada. ca The proposed legislation offers donors the option to claim deduct certain charitable donations made up to February 28, 2025, on their 2024 income tax return Please see the Department of Finance website for details of certain exceptions
EY Tax Alert 2025-05 - CRA to administer draft legislation to extend . . . On 23 January 2025, the Department of Finance released draft income tax legislation and related explanatory notes to extend the deadline for taxpayers to make charitable donations that qualify for tax support for the 2024 taxation year
Tax Insights: Deadline extended to February 28, 2025 for making . . . - PwC The draft legislation provides details on how the extended deadline will apply and which types of donations will be eligible, so that taxpayers can make an informed decision before the February 28, 2025 extended deadline on whether they should make these charitable contributions before that date
What Does the Charitable Donation Extension Mean for Tax Planning? Donations made in January and February can still be claimed on 2025 tax returns or carried forward, ensuring that charitable tax credits are preserved even if the retroactive extension doesn't materialize
Charitable Giving 2025 - Leger In 2025, Canadians continue to predict similar behaviour, as 13% of Canadians say they will give more in 2025 compared to 2024, and 79% say they will give the same amount
Summary of Changes to Charitable Donation Tax Deductions Extended Deadline for Donations: Donors can now make eligible charitable contributions until February 28, 2025, and still claim these donations on their 2024 personal income tax return
Reminder: February 28, 2025 Donation Receipt Deadline Extension is . . . Under draft legislation released on January 23, 2025, individuals, corporations, and graduated rate estates (GREs) can make eligible donations of cash and cash equivalents (but not gifts in kind) up to and including February 28, 2025, and still claim them on their 2024 tax return