Finance committee  I can't really speak specifically to the effects on progressivity, but the idea is that there is that minimum amount of tax paid. The individual calculates their regular tax liability and their alternative minimum tax, and they pay whichever one's higher. That ensures that everyone is paying a certain minimum level of tax.

Finance committee  Hi, I'm Stefania Bartucci from the personal income tax division of the tax policy branch at the Department of Finance.

Finance committee  You spelled it out very clearly yourself, Mr. Sorbara. What I can say is that we've had an alternative minimum tax in Canada since 1986. It had not been significantly reformed since then until budget 2023, which announced a number of changes, including a higher rate, a higher exemption threshold and a broader base.