If you consistently make large donations each tax year and receive income via tax efficient sources (capital gains, employee stock options, etc.) or claim certain deductions (interest expense, certain employment expenses, etc.) you might be in for a unpleasant tax surprise in 2024 and subsequent years.
On this episode, Jared explains how the Alternative Minimum Tax regime currently works, the expected changes for 2024 and ways you can plan to avoid unwanted tax outcomes when making large donations.
After all, you want your donated funds to go to your favourite charity, not the government.
#amt #tax #donations #taxcredit #LegacyTax #reddeer #alberta #canada #trochu #didsbury #cpa #accountant #capitalgain #stockoption #stocks #charity
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