T691 – Alternative Minimum Tax

Applicability

An individual must use this form to calculate the federal tax payable for the taxation year under alternative minimum tax. He or she must complete Parts 1, 2, and 8 if he or she does not have to pay minimum tax in the current year and he or she is applying a minimum tax carryover from previous years against his or her current-year tax payable.

Alternative minimum tax does not apply to returns filed on behalf of deceased taxpayers, nor to the trustee's return (bankruptcy).

The individual may also have to complete and attach copies of the completed Form T2203, Provincial and Territorial Taxes - Multiple Jurisdictions, depending if he or she has to pay tax to more than one jurisdiction.

See Also

Federal Income Tax and Benefit Guide – Lined 25200 and 25300