Federal government plans to extend deadline for charitable donation tax deductions
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Hey there, time traveller!
This article was published 30/12/2024 (465 days ago), so information in it may no longer be current.
The federal government plans to extend the deadline for claiming charitable donations on tax returns through to the end of February.
The announcement from Finance Minister Dominic LeBlanc comes nearly a week after the premiers called on Justin Trudeau’s government to make the move.
A statement from LeBlanc’s office says the extension will help ease the effects of the four-week Canada Post strike.
Charities reported major declines in mail-in donations during what is typically their busiest time of year, saying the strike prevented donors from sending cheques the old-fashioned way.
The Salvation Army, for example, reported a drop in holiday donations of more than 50 per cent this year. It welcomed the federal government’s decision in a written statement Monday.
The Finance Department says the government will introduce legislation to make the changes once Parliament resumes in the new year.
MPs are set to return Jan. 27, but it is unclear how long the Liberal minority government will continue to have the confidence of the House.
This report by The Canadian Press was first published Dec. 30, 2024.