Extended: 2024 Charitable Tax Deadline

Last week, the Canada Revenue Agency and the Department of Finance confirmed that the federal government’s decision to extend the 2024 charitable donation tax deadline to February 28, 2025, will take effect.

The extension is intended to address the impact of last year’s four-week Canada Post mail disruption, which significantly affected charities during the crucial holiday giving season when mail-in donations are essential.

Here’s what you need to know:

• The deadline applies to donations made up to February 28, 2025, for the 2024 tax year.
• It covers “cash” donations or those made by cheque, credit card, or electronic payment.
• The extension does not apply to gifts in-kind, payroll deductions, or bequests from individuals who pass away after 2024.
• For full details, please visit the Canada Revenue Agency’s Announcement