Donating securities to charity? Tax changes to watch for
For many wealthy Canadians, there are clear tax advantages when donating securities to a charity vs. writing cheques. Proposed changes to the Alternative Minimum Tax system, tabled in the 2023 Federal Budget, could call that into question. Nicole Ewing, Director, Tax and Estate Planning, TD Wealth, joins Kim Parlee to provide some clarity on who these changes might affect and what donors need to know.