Canada releases draft legislation to extend 2024 charitable donations deadline

eAwazLocal News

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. …

Govt gives details on Canadian Entrepreneurs’ Incentive

eAwazLocal News

Ottawa – Budget 2024 is part of the federal government’s plan to deliver generational fairness by unlocking the door to a good middle class life for younger Canadians and drive economic growth in a way that lifts up all Canadians. To encourage Canadian innovators to turn their ideas into growing businesses that create good jobs, the government announced the creation …