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Draft legislation released to extend 2024 charitable donations deadline | Wallaceburg News | Local news in Wallaceburg, Dresden and surrounding areas.

Summary by Wallaceburg News | Local News in Wallaceburg, Dresden and Surrounding Areas.

Last week the Department of Finance released draft legislation to amend the Income Tax Act, extending the deadline for making donations eligible for tax support in the 2024 tax year to February 28, 2025. The draft legislation includes details on how the extension will apply and which types of donations qualify. To provide clarity for taxpayers, the Department of Finance is not seeking feedback on the draft legislation, Federal officials say. Cha…

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Wallaceburg News | Local news in Wallaceburg, Dresden and surrounding areas.

Draft legislation released to extend 2024 charitable donations deadline | Wallaceburg News | Local news in Wallaceburg, Dresden and surrounding areas.

Last week the Department of Finance released draft legislation to amend the Income Tax Act, extending the deadline for making donations eligible for tax support in the 2024 tax year to February 28, 2025. The draft legislation includes details on how the extension will apply and which types of donations qualify. To provide clarity for taxpayers, the Department of Finance is not seeking feedback on the draft legislation, Federal officials say. Cha…

2 months ago

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Government of Ontario

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Government of Ontario broke the news in Ontario, Canada 2 months ago on Saturday, January 25, 2025.

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