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

-----------------------------------------------------------------------------------------------
WEBSITE:
https://www.legacytax.ca/
FACEBOOK:
https://www.facebook.com/legacytaxllp
INSTAGRAM:
https://www.instagram.com/legacytaxllp/
LINKEDIN:
https://www.linkedin.com/company/legacytax
-----------------------------------------------------------------------------------------------
Disclaimer

By using this website, blog or podcast, users agree as follows:

The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.

The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.

Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.