Taxbreaks

In our firm’s latest podcast, Kenneth Keung and Kim G C Moody briefly discuss the 2023 Federal Budget proposals to amend the alternative minimum tax regime under Canadian tax law. Specifically, Kenneth and Kim discuss: The history of the AMT; The architecture of the AMT; The 2021 Liberal Party election policy platform promise to introduce a “15% minimum tax; The 2022 Federal Budget update on election policy promise; The 2023 Federal Budget proposals; The release of the draft legislation for the AMT amendments on August 4, 2023; The impact of the AMT proposals on charitable giving, capitals gains and trusts; and What should Canadian taxpayers and their advisors do about these proposals? Happy listening!