Since July 4, 2013, a donor who is an individual (other than a trust) may claim a tax credit for a large cultural donation made to a qualified donee.
Originally, a large cultural donation had to be made before January 1, 2018, to qualify for the tax credit. However, given the increase in the number of large cultural donations since the tax credit was introduced, the deadline for making such donations has been extended by five years. Therefore, a large cultural donation must now be made before January 1, 2023, to qualify for the tax credit.
For more information, see Large Cultural Donation and Cultural Patronage.