Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, along with the Honourable 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 outcomes for Canadians, and keep communities connected and informed. Many charities depend on the generous donations of Canadians and businesses, particularly during the holiday season, to carry out this valuable work.
This extension will mitigate the impacts of the four-week Canada Post mail stoppage by providing donors with sufficient time to ensure their contributions are received and processed, helping charities ensure they can deliver vital services to the communities that depend on them.
The government will introduce legislation effecting these changes once Parliament returns in the new year.
