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From: Malcolm Burrows To: The Honourable Chrystia Freeland, Minister of Finance Date: October 4, 2023 Re: AMT and Donations Changes to the Alternative Minimum Tax (AMT) rates and rules are scheduled to take effect on January 1 and for the first time AMT will apply to charitable donations from high-income individuals. This is poor tax policy that will produce unintended community…

From: Angelo Nikolakakis  To: The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance Date: June 13, 2023 Re: A New Bad Idea: Financial Institution Dividend Taxes This year’s federal budget included one very troubling tax policy change. It will end up costing many hardworking Canadians who have invested in Canadian banks and other financial…

February 2, 2023 – New rules for Canada’s Competition Act should cast a wide net over all significant players involved in the digital provision of services to Canadians, according to a new report from the C.D. Howe Institute. In “Calibrating Competition Policy for the Digital Age,” author and C.D. Howe Institute Vice President, Research, Daniel Schwanen reviews the challenges emerging business…

‘Tis the season for giving, and as the year ends, many Canadians are planning substantial donations. However, they should consider maximizing those donations in 2023 while full tax relief for charitable giving is still guaranteed. The federal government has yet to table its legislation for reforming the alternative minimum tax (AMT), but if it sticks to its commitments laid out in the 2023 budget…

Since the release of the Alberta Pension Plan report, I’ve read with interest the steady stream of commentary and opinion and, while there have been some thoughtful pieces, much of it has been ill-informed and misleading. Doubt has been cast on the credibility of the firm that researched and delivered the report. Questions have been raised about the relevance of the formula used to calculate…

Severe forest fires, floods and other extreme weather events have hit many Canadian regions hard, with climate change the probable cause. These severe events have destroyed housing, commercial property and infrastructure with a lengthy recovery period ahead. Insured and uninsured losses will be in the billions, in addition to the cost of repairing public infrastructure. Lives have been lost in…