Verification of AMT Update for Bill C-15 in Profile T1
Hello,
I’m writing to confirm whether the recent legislative changes under Bill C-15 (enacted March 26, 2026) have been fully implemented in Profile T1.
Specifically, I would like to verify the following:
- That the Alternative Minimum Tax (AMT) calculation reflects the 50% disallowance of investment counsel / portfolio management fees
- That this treatment is applied retroactively to the 2024 taxation year
- Whether any manual adjustments or overrides are required, or if the calculation is fully automated in the current version
- The version number or release note where this update was implemented
Given the timing late in filing season and the impact on both T1 and T3 filings, I want to ensure returns are being prepared accurately under the new rules.
Please advise if there are any known limitations, pending updates, or recommended procedures when preparing returns affected by this change.
Thank you,
Imran Qayyum
