On February 24, the CRA posted on its CVITP website that it is extending its pilot grant project for a fifth year. Grants of $5 will be paid for 2020 to 2024 tax year returns filed between June 1, 2024, and May 31, 2025.
The good news is that the CRA has managed to find some money to continue supporting the CVITP for another season. But this masks some less welcome news. Learn here what this means for the CVITP and this pilot grant project in the 2025 tax filing season.
Did you know that the grant funding the Canada Revenue Agency offered to host organizations is a pilot project, not a permanent feature of the CVITP? This project was planned for three years, running from 2021 to 2023 but has been extended for a fourth year to the end of 2024. In this article, we review how this pilot project was implemented in the three-year period and what it was supposed to as well as what it really did accomplish. We also speculate on what the fourth year is likely to yield in the way of results. We conclude with what we think should happen once the fourth year is completed.