Sorry if I’m a bit late to the party here, but CRA has generously(?) extended the period whereby you can make a charitable donation and have it count against LAST year’s tax calculations.

Because of the postal strike, CRA is letting you claim donations made until the end of February 2025 on your 2024 taxes. If you’re looking for a good way to reduce your 2024 tax bill, a donation to a worthy charity in the next month would be a great way to do that! (And don’t worry that your tax receipt shows “2025”, CRA says they will honor it with only a few exceptions — charitable donations via payroll deduction and donations made from an estate.)

Generosity to registered charities has always been a good way to reduce taxes (and in the future I’ll talk about the BEST way to do that — by donating shares directly from your non-registered account).