The federal government recently provided additional information on its previous announcement it would extend the 2024 tax deadline for charitable donations to February 28, 2025. Draft legislation from Finance Canada now confirms the deadline extension will apply to gifts made by corporations and individual donors including trusts. The Canada Revenue Agency (CRA) also announced it will administer the 2024 deadline extension as if it has been enacted. Read CALU’s analysis on the scope and limitations of some of these provisions, including in relation to and individual’s death after 2024.

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