Canada Extends Charitable Donation Deadline

The Canadian federal government plans to extend the deadline for claiming charitable donations on tax returns to February 28, 2025, following a significant decline in donations during the recent Canada Post strike. Finance Minister Dominic LeBlanc announced the extension, aimed at alleviating the negative impact of the strike on charities, which typically see increased giving during the holiday season. Notably, organizations like the Salvation Army reported a more than 50% drop in holiday donations due to the disruption. The extension responds to calls from provincial premiers and aims to give charities additional time to process donations. However, the necessary legislative amendments face uncertainty due to ongoing political tensions in Parliament, including a privilege motion against the Trudeau government. As MPs return on January 27, the fate of the proposal remains unclear amid potential confidence challenges to the minority government.