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 …
Ottawa – The Government of Canada is continuing to deliver its economic plan by today launching consultations to advance major economic investment tax credits and create good jobs, crack down on short term rentals and make housing more affordable, and ensure the fairness of Canada’s tax system. Delivering Major Investment Tax Credits As detailed in the 2023 Fall Economic Statement, the …
