Alternative Minimum Tax (AMT) applies\ A. when a taxpayer has taxable income in excess of

$150,000

in the current taxation year\ B. when a taxpayer utilizes certain preferential tax provisions, such as the lifetime capital gains exemption, on their tax return in the current taxatign year\ C. when a taxpayer has claimed refundable tax credits on their tax return in the current taxation year\ D. to ensure that all Canadian resident taxpayers pay federal income tax equivalent to

29%

of their taxable income