Sure.
The bill includes amendments to extend the $500,000 lifetime capital gains exemption to fishers. One of the existing provisions in the Income Tax Act dealing with the $500,000 lifetime capital gains exemption for farmers ensures that capital gains that are eligible for that exemption are not subject to the alternative minimum tax. This amendment would ensure, as well, that in the same situation for a fisher, their gains eligible for the $500,000 lifetime capital gains exemption would also not be subject to the alternative minimum tax.