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!