January 6, 2025 Update: Following the announcement of the extended charitable donation deadline, Parliament was prorogued after Prime Minister Justin Trudeau’s resignation. As a result, it remains uncertain whether this extension will be enacted into law or observed by the Canada Revenue Agency (CRA) under a future government. However, Aqueduct Foundation anticipates that the extension will likely be respected. Donors are advised to consult their independent tax advisors before making a contribution. 

The Government of Canada has announced an extension for making charitable donations eligible for the 2024 tax year. Originally set to conclude on December 31, 2024, the deadline has now been extended to February 28, 2025.

This extension aims to mitigate the impacts of the recent four-week Canada Post mail stoppage, ensuring that donors have sufficient time to make their contributions to Canadian charities. 

For Aqueduct Foundation donors, this means they can make a donation until February 28, 2025 and claim it on their 2024 taxes.  The donation tax receipt will be dated the day the donation is received. The Government announcement indicates that this extension applies to both individual and corporate donors. The extended deadline provides donors more time to finalize their 2024 charitable plans and maximize their tax benefits.

The government intends to introduce legislation effecting this change once Parliament returns in the new year.

For more information on how to donate and the benefits of charitable giving, visit: https://www.canada.ca/en/department-finance/news/2024/12/government-of-canada-announces-extension-of-2024-charitable-donations-to-february-28-2025.html