What the 2024 Charitable Donation Extension means for Canadian charities issuing year-end receipts

What the 2024 Charitable Donation Extension means for Canadian charities issuing year-end receipts

The Government of Canada has announced that the federal government intends to amend the Income Tax Act to extend the deadline for making donations eligible for tax support in the 2024 tax year, until February 28, 2025. This extension aims to mitigate the impact of the four-week Canada Post mail stoppage by providing donors with sufficient time to ensure their contributions are received and processed, helping charities ensure they can deliver vital services to the communities that depend on them.

At this time, no legislation has changed, so charities should not change their procedures for entering donations or issuing receipts. Year-end tax receipts for donations received in 2024 should be generated as usual:
  1. Donations made in January and February of 2025 should also be entered and receipted as usual.
  2. Donations made in January and February 2025 should not be included on the 2024 year-end receipts.
Notes
Remember that you can consult CRA guidelines here: Charities and Giving, or contact the CRA directly. They are the most appropriate authority to consult for any additional questions or concerns you have.