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!
To listen to the podcast, click here.
Moodys Tax Law is only about tax. It is not an add-on service, it is our singular focus. Our Canadian and US lawyers and Chartered Accountants work together to develop effective tax strategies that get results, for individuals and corporate clients with interests in Canada, the US or both. Our strengths lie in Canadian and US cross-border tax advisory services, estateplanning, and tax litigation/dispute resolution. We identify areas of risk and opportunity, and create plans that yield the right balance of protection, optimization and compliance for each of our clients' special circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
