Wealthy Canadians 'threaten’ to reduce donations if feds don’t halt proposed Alternative Minimum Tax changes

A community foundation executive says wealthy Canadians have “weaponized” the charitable sector through pressure to advocate on the proposed tax reforms. In contrast, others say they have not been pressured.

Why It Matters

The federal government says the proposed changes to the Alternative Minimum Tax will increase tax fairness. But could the advocacy of wealthy Canadians undermine these efforts?

Why are charities fighting against a proposed law that would see rich Canadians pay more in tax? This is the first of a three-part series exploring the sector’s advocacy against the Alternative Minimum Tax. Wealthy Canadians have pressured some of the country’s largest charities and the federal government, threatening to reduce charitable donations if the government doesn’t halt proposed tax changes.

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