News

Published December 30, 2024

(Updated) Federal government plans to extend deadline for charitable donation tax deductions

By Nicole Thompson
Dominic LeBlanc - CP
The federal government plans to extend the deadline for claiming charitable donations on tax returns through to the end of February. Finance Minister Dominic LeBlanc takes part in a news conference after a swearing in ceremony at Rideau Hall, in Ottawa, Monday, Dec. 16, 2024. THE CANADIAN PRESS/Justin Tang

Updated December 30, 2024 @ 4:40pm

The federal government plans to extend the deadline for claiming charitable donations on tax returns through to the end of February.

The announcement from Finance Minister Dominic LeBlanc comes nearly a week after the premiers called on Justin Trudeau's government to make the move.

A statement from LeBlanc's office says the extension will help ease the effects of the four-week Canada Post strike.

Barrie's News Delivered To Your Inbox

Stay up to date with what Barrie's talking about. Get the latest local news delivered right to your inbox every day. Never miss out on what's going on ...
Subscription Form
Consent Info

By submitting this form, you are consenting to receive marketing emails from: Central Ontario Broadcasting, 431 Huronia Rd, Barrie, Ontario, CA, https://www.cobroadcasting.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Charities reported major declines in mail-in donations during what is typically their busiest time of year, saying the strike prevented donors from sending cheques the old-fashioned way.

The Salvation Army, for example, reported a drop in holiday donations of more than 50 per cent this year. It welcomed the federal government's decision in a written statement Monday.

The Finance Department says the government will introduce legislation to make the changes once Parliament resumes in the new year.

MPs are set to return Jan. 27, but it is unclear how long the Liberal minority government will continue to have the confidence of the House.  long the Liberal minority government will continue to have the confidence of the House. 

This report by The Canadian Press was first published Dec. 30, 2024.

What do you think of this article?
+1
3
+1
2
+1
0
+1
0
+1
0
+1
0
Advertisement
Advertisement
Advertisement

Have a breaking story?

Share it with us!
Share Your Story

What Barrie's talking about!

From breaking news to the best slice of pizza in town! Get everything Barrie’s talking about delivered right to your inbox every day. Don’t worry, we won’t spam you. We promise :)
Subscription Form
Consent Info

By submitting this form, you are consenting to receive marketing emails from: Central Ontario Broadcasting, 431 Huronia Rd, Barrie, Ontario, CA, https://www.cobroadcasting.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Related Stories

Advertisement
Advertisement