Great News: Extra Time to Make Charitable Donations for Your 2024 Taxes
If you’re planning to make a charitable donation and want to claim it on your 2024 personal tax return, you now have more time! The Government of Canada has extended the deadline for eligible donations—any contributions made up until February 28, 2025, can be included in your 2024 taxes.
What This Means for You?
- You have an extra two months beyond the usual December 31st deadline to make donations and still claim them for the 2024 tax year.
- This gives you more flexibility to support causes you care about while maximizing your Charitable Donation Tax Credit.
- If you weren’t able to donate before the end of 2024 due to the Canada Post service disruption or other reasons, you now have additional time to contribute.
Why This Extension Matters?
Charities play a vital role in supporting communities across Canada, from fighting poverty to funding education and healthcare. This extension ensures that donations made early in 2025 still count toward your 2024 tax filing, helping both donors and charities.
How to Take Advantage of This Extension?
- Make your donation to a registered Canadian charity by February 28, 2025.
- Keep your donation receipts—you’ll need them when filing your 2024 taxes.
- Include your donations on your 2024 personal tax return to benefit from the tax credit.
By donating, you’re not only supporting important causes but also making the most of available tax benefits.
For more helpful tax tips and resources, check out our Personal Taxes Resources. If you have any questions about how this extension affects your tax filing, feel free to reach out to our team—we’re here to help!