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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