Clarifying the CRA’s approach in administering the proposed tax measure to extend the 2024 charitable donations deadline

CRA Information, CRA Tax Tips, What's new from CRA / By Tax Admin

The Canada Revenue Agency (CRA) is working to ensure that you get the information you need about the taxes and benefits that apply to you.

On December 30, 2024, the Department of Finance announced the federal government’s intention to amend the Income Tax Act to extend the deadline for making charitable donations eligible for tax support in the 2024 tax year. Following this, on January 23, 2025, the Department of Finance announced that it had released draft legislation in support of this proposed change, which will be introduced in Parliament in due course. For more information, visit the Department of Finance website.

To help provide certainty as we head into tax season, the CRA is confirming that it will proceed with administering the 2024 deadline extension for charitable donations. The CRA is administering this proposed legislation, consistent with its longstanding practice.

Click here to learn more

Information source from Canada Revenue Agency (CRA)

Close-up of a hand inserting a coin into a black piggy bank with scattered coins on a white background.

Direct deposit changes impacting EFILERS and taxpayers

ByTax Admin March 31, 2025 CRA Information,CRA Tax Tips,What's new from CRA

The confidence and trust that individuals and businesses have in the CRA is a cornerstone of Canada’s tax system. The CRA regularly adjusts and improves its systems and processes to safeguard...

From above of crop anonymous ethnic female manager with name tag using touchpad of laptop with cup of hot drink

Go digital and file your taxes online!

ByTax Admin March 23, 2025 CRA Information,CRA Tax Tips,What's new from CRA

It’s never been easier to do your taxes online. In fact, online filing gets you access to the benefits, credits, and refunds you may be eligible for even faster! Last year, approximately 93% of...

income tax, calculator, accounting, financial, paperwork, tax, finance, taxes, calculate, economy, planning, income, investment, irs, budget, business, money, office, income tax, accounting, tax, tax, tax, tax, tax, taxes, taxes, budget

Don’t miss out on free tax help – you may be eligible!

ByTax Admin March 16, 2025 CRA Information,CRA Tax Tips,What's new from CRA

Doing your taxes each year can feel like a big job, but you don’t have to do it alone! If you have a modest income and a simple tax situation, you might be able to get help from a volunteer at a free...

Close-up of a calculator on financial documents with graphs and analysis papers.

Reminder: Trust reporting for the 2024 tax year

ByTax Admin March 10, 2025 CRA Information,CRA Tax Tips,What's new from CRA

For the 2024 tax year, the Canada Revenue Agency (CRA) will continue to administer the enhanced trust reporting rules as enacted for tax years ending on or after December 31, 2023. Affected trusts are...

Close-up of a woman using a calculator and reviewing bills at home.

Watch your limit when contributing to your Tax-Free Savings Account (TFSA)!

ByTax Admin March 3, 2025 CRA Information,CRA Tax Tips,What's new from CRA

Are you saving for a car or a dream vacation? A TFSA is a great way to save tax-free. The TFSA is a way for individuals who are 18 and older and have a valid social insurance number (SIN) to save...

Hands writing on tax documents with laptop, glasses, and currency on desk.

Tax season starts on February 24! Here’s what you need to start filing

ByTax Admin February 24, 2025 CRA Information,CRA Tax Tips,What's new from CRA

Tax season starts next week! When the calendar flips to February 24, 2025, you will be able to file your income tax and benefit return online. With the right preparation, filing your tax return can be...

Stack of tax forms and coins with a 'TAX' stamp, symbolizing finance and accounting.

What you need to know for the 2025 tax-filing season

ByTax Admin February 17, 2025 CRA Information,CRA Tax Tips,What's new from CRA

Tax season is almost here! Whether you’re a seasoned filer or it’s your first time, having the essential information can save you time and stress. It could even put more money in your pocket. We want...

Flat lay of a creative planning setup featuring alphabet stamps, pink paper, and markers for artistic ideas.

SimpleFile: Let us help you with your taxes

ByTax Admin February 10, 2025 CRA Information,CRA Tax Tips,What's new from CRA

You may be one of 2 million Canadians invited to use SimpleFile to automatically file your income tax and benefit return with the Canada Revenue Agency (CRA) for free this tax season! The CRA is...

A close-up of a woman counting US dollars in an office environment, symbolizing financial management.

Update on the Canada Revenue Agency’s administration of the proposed capital gains taxation changes

ByTax Admin February 3, 2025 CRA Information,CRA Tax Tips,What's new from CRA

The Department of Finance announced today that it will introduce legislation in Parliament in due course, related to the capital gains inclusion rate change with a new effective date of January 1...