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Decentralized Democracy

House Hansard - 329

44th Parl. 1st Sess.
June 11, 2024 10:00AM
Context: House Hansard - 329 - Jun/11/24
Mr. John Barlow (Foothills, CPC)
  • Jun/11/24 2:54:59 p.m.
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Mr. Speaker, the Liberals' increase in the capital gains inclusion rate from 50% to 67% is a direct attack on Canadian farm families. The Liberals like to claim that this will only impact the ultra-rich, but that just is not true. This will impact family farms and young farmers who are just trying to take over the family farm. The average grain farm will easily exceed the lifetime exemption rate. This tax increase is not fair and will jeopardize the economic viability of farm families and our rural communities. Will the Prime Minister end his attack on family farms that are just trying to put food on our table?
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Context: House Hansard - 329 - Jun/11/24
Mr. John Barlow (Foothills, CPC)
  • Jun/11/24 2:56:30 p.m.
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Mr. Speaker, it is not reassuring that the agriculture minister still does not know that there is going to be a capital gains inclusion rate change that is going to impact Canadian farmers. Farmers are trying to work hard every day to feed Canadians. The only thing this tax change is going to do is feed an obese Liberal government. The Liberals say this is about fairness, but it is not fair to young farmers. When they buy the family operation, they are burdened with millions of dollars in debt. This is a gift to the ultra-rich who will buy up family farmland, making mega-multinational industrial farms. Will the Prime Minister admit this is not a tax on the ultra-rich, it is an attack on the very survival of family farms?
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