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CRA Extends Deadline for Claiming Charitable Tax Benefits
The Canada Revenue Agency (CRA) has confirmed the extension of the deadline for claiming certain charitable tax benefits for the 2024 tax year. Originally set to expire at the end of December 2024, the new deadline has been extended to February 28, 2025.
This extension aims to provide donors with additional time to ensure their contributions are received and processed, especially in light of the recent Canada Post mail stoppage. The CRA will administer this proposed legislation, consistent with its longstanding practice.
Individuals, corporations, and graduated rate estates can now claim eligible donations made up to the new deadline on their 2024 tax returns. For more information, visit the CRA website or the Department of Finance Canada website.
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