FAQs - Commercial Activity Tax (CAT)

How much do I owe for the annual minimum tax?

For tax periods prior to December 31, 2013, the annual minimum tax (AMT) is $150. For tax periods beginning on January 1, 2014 and thereafter, the AMT will become a tiered structure, and taxpayers will pay an amount that corresponds with their overall commercial activity. The taxpayer will utilize its previous calendar year’s taxable gross receipts to determine the current year’s AMT. Please refer to the chart below. 

Taxable Gross Receipts

Annual Minimum Tax

CAT 

$1 Million or less

 $150

No Additional Tax

More than $1 Million but less than or equal to $2 Million

 $800

0.26% x (Taxable Gross Receipts - $1 Million)

More than $2 Million but less than or equal to $4 Million

 $2,100

0.26% x (Taxable Gross Receipts - $1 Million)

More than $4 Million

 $2,600

0.26% x (Taxable Gross Receipts - $1 Million)

For more information, please refer to information release CAT 2013-05 – Commercial Activity Tax: Annual Minimum Tax Tiered Structure- Issued October, 2013.