2023 Canadian Tax Reform: Understanding the Changes to Canada’s Alternative Minimum Tax (AMT) and Budget Measures
The Department of Finance Canada has proposed updates to the Alternative Minimum Tax (AMT) for high-income individuals as part of the Budget 2023 consultation. These changes are effective January 1, 2024. AMT is in place to ensure that individuals with high gross income, who would otherwise pay little or no income tax because of deductions, […]