November 14, 2023

Significant Changes to AMT

The alternative minimum tax increase applies January 1, 2024. The changes will negatively affect tax be paid on capital gains and employee stock options. The proposals will also have a significant impact on charitable donation planning (including flow through shares).

The following tables from the Canadian Tax Journal provides a great example of the potential effects:

Chris Watt Bickley, Sonia Gandhim Dino Infanti and Bessy Triantafyllos.

Chris Watt Bickley, Sonia Gandhim Dino Infanti and Bessy Triantafyllos, “Personal Tax Planning” (2023) 71:3 REVUE FISCALE CANADIENNE/ CANADIAN TAX JOURNAL 877-84, “Personal Tax Planning”,

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