Summary of Changes to Charitable Donation Tax Deductions

On January 23, 2025, the Department of Finance released draft legislation regarding this proposed change, which will be introduced in Parliament.

Extended Deadline for Donations:

Donors can now make eligible charitable contributions until February 28, 2025, and still claim these donations on their 2024 personal income tax return.

Claiming Donations:

    • If donors do not claim their donations on the 2024 tax return, they have two options:

      • Claim on the 2025 Return: They can include the donations when filing their 2025 personal income tax return.

      • Carry Forward Amount: Alternatively, donors can carry forward the eligible donation amounts to future tax years.

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