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[ Sun, Dec 29th 2024 ]: MSN
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Government proposes extending 2024 donation tax claim deadline


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  In response to calls from charities and provincial premiers, the federal government plans to extend the deadline for writing off donations for the 2024 tax year. But while the move comes as charities — and Canadians — end a disastrously unaffordable year,

The Canadian government has proposed extending the deadline for claiming charitable donations made in 2024, as reported by MSN. This initiative aims to encourage more charitable giving by allowing taxpayers an additional period to claim their donations on their tax returns. The proposal comes in response to feedback from various stakeholders who argue that extending the deadline could lead to increased donations, especially during times of economic uncertainty. This move is part of broader efforts to support the non-profit sector, which has been under financial strain due to recent economic challenges. The extension would provide donors with more time to gather necessary documentation and make informed decisions about their contributions, potentially boosting the overall amount donated to charities across Canada.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/government-proposes-extending-2024-donation-tax-claim-deadline/ar-AA1wIIr1 ]

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