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House Hansard - 159

44th Parl. 1st Sess.
February 13, 2023 11:00AM
Context: House Hansard - 159 - Feb/13/23
Mr. Yves Perron (Berthier—Maskinongé, BQ)
  • Feb/13/23 2:53:42 p.m.
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Mr. Speaker, the next generation of farmers is under threat at a time when the price of land has spiked by 248% in 10 years. The House passed Bill C‑208 some time ago to make it easier to transfer a farm between members of the same family, but no one is benefiting from that because Ottawa keeps promising to amend the legislation without ever actually doing it. If they sell their farm to their family, as permitted under law, farmers are afraid they will be hit with a tax bill if the federal government changes the rules mid-year. Can the minister confirm that they will not be retroactively penalized?
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