Charitable tax deadline extended to end of February
On January 23rd, the Department of Finance and the Canada Revenue Agency confirmed that the federal government’s announcement made last month to extend the 2024 charitable tax deadline to February 28th, 2025 would be applied. This extension aims to mitigate the impacts of last year’s four-week Canada Post mail delivery stoppage and its effect on charities.
Key points of the now-official extension include:
1. The extended deadline applies to donations made up to February 28, 2025, for the 2024 tax year.
2. It covers “cash” donations or those transferred by cheque, credit card, money order, or electronic payment.
3. The extension does not apply to gifts in kind, payroll deductions, or bequests.
More information provided on the Government of Canada website.
