AMT
AMERITRUST FINANCIAL TECHNOLOGIES INC
stock CVE

AMT (or Alternative Minimum Tax) is a second tax regime that most people will never hear of or never have applied to them. It was basically introduced when the government determined (Ultra) High Net Worth individuals were not paying their fair share of taxes by creating income through things like capital gains, eligible dividends, etc.
When you file your taxes you do two calculations and if the AMT one comes up higher than usual taxes you pay that. Note, you can also use your AMT amount to credit against your regular tax in the next 7 years (in the case you were just temporary in AMT like a sale of capital property, etc.).
Prior to 2024 donations of securities was still 0% inclusion for capital gains for AMT calculation, but that’s now changed to add in 30% of the gain on the donated securities while making that calculation. To make matters worse, only 50% of the donation credit is allowed too. 100% of capital gains on any sold property is also added, for context. (See this article for a bit more: https://www.cibc.com/content/dam/cibc-public-assets/personal-banking/smart-advice/tax-savings-tips/pdfs/amt-charities-en.pdf)
Note, the threshold for AMT to kick in is at the fourth federal tax bracket ($181,440 in 2026) so it’s a high bar. There’s very few individuals who are subject to it in Canada every year - UHNWIs really.
Say OP donates a big portion of the stock, and it *does* kick in for AMT, that amount will likely be recouped in the next 7 years anyways.
(Please consult an actual accountant if you’re considering making any life decisions based on this, educational purposes only, not advice and all that)

AMT (or Alternative Minimum Tax) is a second tax regime that most people will never hear of or never have applied to them. It was basically introduced when the government determined (Ultra) High Net Worth individuals were not paying their fair share of taxes by creating income through things like capital gains, eligible dividends, etc.
When you file your taxes you do two calculations and if the AMT one comes up higher than usual taxes you pay that. Note, you can also use your AMT amount to credit against your regular tax in the next 7 years (in the case you were just temporary in AMT like a sale of capital property, etc.).
Prior to 2024 donations of securities was still 0% inclusion for capital gains for AMT calculation, but that’s now changed to add in 30% of the gain on the donated securities while making that calculation. To make matters worse, only 50% of the donation credit is allowed too. 100% of capital gains on any sold property is also added, for context. (See this article for a bit more: https://www.cibc.com/content/dam/cibc-public-assets/personal-banking/smart-advice/tax-savings-tips/pdfs/amt-charities-en.pdf)
Note, the threshold for AMT to kick in is at the fourth federal tax bracket ($181,440 in 2026) so it’s a high bar. There’s very few individuals who are subject to it in Canada every year - UHNWIs really.
Say OP donates a big portion of the stock, and it *does* kick in for AMT, that amount will likely be recouped in the next 7 years anyways.
(Please consult an actual accountant if you’re considering making any life decisions based on this, educational purposes only, not advice and all that)