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House Hansard - 43

44th Parl. 1st Sess.
March 22, 2022 10:00AM
Context: House Hansard - 43 - Mar/22/22
Mr. Jean-Denis Garon (Mirabel, BQ)
Mr. Speaker, this bill is about tax rules for charities, specifically certain dispositions of real estate or private corporation shares. I would like to know if my colleague thinks it would be appropriate at some point to expand the scope of the bill to other types of assets such as those that can be liquidated by estates and that might have appreciated over time.
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Context: House Hansard - 43 - Mar/22/22
Mr. Marty Morantz
Mr. Speaker, I guess I am an incrementalist by nature, and I thought asking for private shares in real estate might be a good first step. However, if this works out, the House could certainly entertain the application of the law to other assets. I would also remind the member that the first tax change related to this was 25 years ago, so these things happen over time. I certainly would be happy to look at the exemption for other assets as well.
83 words
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