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Changes to the alternative minimum tax as proposed in Budget 2023

Author
Michalyshyn, Katarina
Published
Ottawa : Office of the Parliamentary Budget Officer, 2023.
Copyright Date
©2023
Physical Description
1 online resource (23 pages) : colour illustrations
Additional Creators
Canada. Office of the Parliamentary Budget Officer
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Summary
"The aim of the Alternative Minimum Tax (AMT) is to ensure that higher-income taxpayers pay at least a base rate of tax, even after claiming tax credits, deductions and other tax preferences. These individuals and trusts calculate their tax payable the "normal" way, as well as the AMT way, and they pay the higher amount of tax calculated. Budget 2023 proposed changes to the AMT, with the goal of shifting a greater proportion of the total AMT burden to high-income taxpayers. The changes would come into effect in January 2024"--Summary, page 2.
Report Numbers
YN5-272/2023E-PDF
Subject(s)
Digital File Characteristics
text file
PDF 4.7 MB
Note
Distributed by the Government of Canada Publishing and Depository Services Program (Weekly acquisitions list 2023-49).
"September 7, 2023"
"Lead Analyst: Katarina Michalyshyn, Analyst".
Other Edition
Michalyshyn, Katarina. Ottawa : Bureau du Directeur parlementaire du budget, 2023
Bibliography Note
Includes bibliographical references (page 22-23).
View MARC record | catkey: 43245388