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Revised AMT Increases Tax Burden for High-Income Canadians
Canada's revised alternative minimum tax (AMT), effective 2024, increases the tax burden for high-income earners, especially those with significant capital gains, following the government's decision to cancel the proposed capital gains tax hike; the AMT rate increased to 20.5 percent, and the availa...
Revised AMT Increases Tax Burden for High-Income Canadians
Canada's revised alternative minimum tax (AMT), effective 2024, increases the tax burden for high-income earners, especially those with significant capital gains, following the government's decision to cancel the proposed capital gains tax hike; the AMT rate increased to 20.5 percent, and the availa...
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