Federal Government Releases Draft Legislation on the Extension of Charitable Donation Deadline for the 2024 Tax Year
On January 23, the Department of Finance released draft legislation amending the Income Tax Act to extend the deadline for charitable donations eligible for 2024 tax year "tax support" to February 28, 2025, following its December 30, 2024, announcement. Carters released a brief announcement on January 23, informing our readers of the proposed changes. Please see our updated post regarding the draft legislation, which includes a summary of key considerations.