By Jacqueline M. Demczur

As earlier reported in our article published on January 30, 2025, the Department of Finance announced an extension to February 28, 2025, for making charitable donations eligible for tax support in the 2024 tax year. Under draft legislation released on January 23, 2025, individuals, corporations, and graduated rate estates (GREs) can make eligible donations of cash and cash equivalents (but not gifts in kind) up to and including February 28, 2025, and still claim them on their 2024 tax return. For details, please see our January 30, 2025 article available here.

This extension, introduced in response to the Canada Post mail stoppage in late 2024, provides donors with an opportunity to ensure their charitable donations for 2024 are received and processed by recipient charities. The Canada Revenue Agency (“CRA”) has earlier confirmed that it will administer the extension.

Charities are not required to issue separate receipts for gifts received from January 1, 2025, to February 28, 2025, but may choose to do so. The CRA confirmed that this extension will not impact how charities and other qualified donees report tax-receipted revenue on their T3010.

​Read the February 2025 Charity & NFP Law Update