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Z
zahrasafadi1
March 3, 2023
Question

What's is AMT to carry forward? and where can I find this?

  • March 3, 2023
  • 1 reply
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    C
    champ_a_adc
    March 7, 2023

    Alternative Minimum Tax (ATM). Minimum tax limits the tax advantage you can receive in a year from certain incentives. You have to pay minimum tax if it is more than the federal tax you calculate in the usual manner.

    You can see more information in Canada Revenue Agency (CRA): Alternative Minimum Tax 

     

    To carry forward you have to provide your information under the "Deductions" tab > "Other Deductions" and "Alternative Minimum Tax".

     

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