Ottawa – The Department of Finance released draft legislation (and related explanatory notes) to amend the Income Tax Act to extend the deadline for making donations eligible for tax support in the 2024 tax year to February 28, 2025. This draft legislation provides further details on how the extended deadline will be applied and which types of donations will be eligible. …
Ottawa – Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, along with Élisabeth Brière, Minister of National Revenue, announced that the federal government intends to amend the Income Tax Act to extend the deadline for making donations eligible for tax support in the 2024 tax year, until February 28, 2025. Canada’s charities work tirelessly to address poverty and hunger, improve socioeconomic …
