Some fear upcoming federal tax changes on rich could result in donation nosedive; others say concern unwarranted

Author Gabe Oatley
More than 900 people have signed a petition urging the government not to โ€œweaken giving incentivesโ€

Why It Matters

Wealthy Canadiansโ€™ donations form a growing share of the total charitable giving pie. Some charity advocates worry a proposed tax policy change, aiming at forcing high-income Canadians to pay more in taxes, will harm charitable giving.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"Some fear upcoming federal tax changes on rich could result in donation nosedive; others say concern unwarranted. Canadian charities say the federal government must amend new tax legislation targeting the country's wealthiest - or risk a drop in donations. In spring\u2019s federal budget, the Canadian government proposed several changes to the Alternative Minimum Tax (AMT) calculation \u2014 a second way of determining taxes owed, designed to ensure that all Canadians are paying their fair share after credits and benefits are tallied up. Beginning in 2024, Canadians earning more than $173,000 will be required to calculate their taxes using the standard and AMT methods, paying whichever is higher.\u00a0 When the AMT method is applied, the federal chang

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