
The Government of Canada has announced an exciting opportunity for Canadians looking to give back this year. The deadline for 2024 charitable donations has been extended to February 28, 2025. This will give donors additional time to make contributions that are eligible for inclusion on their 2024 tax returns. You can read more details about the announcement on the CRA website.
This extension provides extra flexibility for anyone who wishes to support United Way while maximizing their tax benefits.
For many, the usual December 31 deadline can feel rushed amidst the holiday season’s financial and time pressures. The new extended timeline allows more time to plan and make meaningful contributions, ensuring that no one needs to miss out due to year-end constraints or delays.
These donations can qualify for tax credits, reducing the overall cost of giving. For instance, federal and provincial tax credits combined can significantly offset the value of donations, encouraging more Canadians to engage in philanthropy. To see how a donation could impact your taxes, see our Tax Calculator.
Take advantage of this extended deadline to help us build a better community for everyone!
Topics : Campaign, News, Opportunity