If a window of opportunity appears, don’t pull down the shades.
-Tom Peters
Charitable organizations have received a welcome late Christmas gift, thanks to a recent decision by the Canadian government. Many seniors and others, motivated by goodwill, traditionally make contributions to their favorite charities before the end of December. However, this year, the mail strike severely hindered their ability to respond to year-end donation appeals. In an unexpected move, the federal government, perhaps heeding the warnings of the ‘Ghost of Yet to Come,’ has granted a timely extension to help offset the disruption caused by the postal delays. After requests from premiers, the government agreed to amend the Income Tax Act, allowing Canadians to claim charitable donation deductions on their tax returns through the end of February.
