Thank you for considering supporting Vecova! Your generosity helps empower people with disabilities to thrive and supports our mission of creating a more inclusive society for everyone.
**Important Tax Receipt Information for 2024**
In response to recent postal service disruptions, The Government of Canada has announced plans to extend the deadline for charitable gifts eligible for the 2024 tax year to February 28, 2025.This extension has not yet been legislated but if passed, will allow gifts made between January 1 and February 28, 2025, count towards the 2024 tax year.
At Vecova, we’re committed to making this process as smooth as possible for you. Here’s what you need to know:
1) Receipts Issued for donors expecting charitable tax receipts for multiple gifts made in 2024: We will issue consolidated tax receipts in January-February 2025 for gifts made from January 1 to December 31 2024. This will allow you to choose if you would like to claim 12 months of donations in 2024, or if you would like to utilize the tax extension and claim 14 months of giving in your 2024 Tax Return filing.
2) We will issue separate Receipts for January & February 2025 in March of 2025. If you choose to make a gift (or multiple gifts) between January 1 and February 28, 2025, we will provide a separate receipt for that period. This way, you may be able to apply it toward your 2024 tax return if the legislation is finalized, or if you choose, use your gifts for your 2025 tax returns instead.
**We are staying up to date with announcements from the Department of Finance and the Canada Revenue Agency (CRA). While we don’t have additional details beyond the public announcements, we will update this page as soon as more information becomes available.**
This extension can create valuable opportunities for strategic giving, including:
1) You have the opportunity to optimize the timing of donations based on income and other tax considerations across 2024-2025
2) You can make a larger impact through planned gifts such as Gifts of Securities or Donor Advised Funds (DAFs) to manage your cash flow
3) Aligning your charitable contributions with your income planning and philanthropic goals with the additional time to give
If you have questions or would like to discuss your giving options, we’re happy to work with you to ensure your donation meets your goals and supports Vecova’s vital work. Together, we can continue building a community where everyone belongs. To find out more or to make arrangements for your gift please contact us at donations@vecova.ca
We are so grateful for our donor's support. Together we help people with disabilities succeed, and every gift brings us closer to a stronger, more inclusive future. Thank you for being part of our journey.
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