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Decentralized Democracy

House Hansard - 330

44th Parl. 1st Sess.
June 12, 2024 02:00PM
  • Jun/12/24 2:57:23 p.m.
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Mr. Speaker, a wonderful grandmother, 93-year-old Liz Diachun, is severing a few lots off her long-time family farm to give to her kids and grandkids so that they can have a place to live in this terrible housing crisis. She was surprised to learn she is going to be paying this latest Liberal tax increase. She was asked, “Are you rich?” She said, “Are you kidding me? I am on a pension.” Will the finance minister amend her bill so that low-income grandmothers who are passing on a bit of land for their kids to live on will not be hit by this tax increase?
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  • Jun/12/24 2:58:48 p.m.
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Mr. Speaker, Liz Diachun is not among the wealthy one per cent the member just described. She has a pension of probably $45,000 a year. She is a grandmother who is simply trying to sever off a few lots so that her kids and her grandkids can have a place to live. Those lots have enough value that they will be hit by capital gains tax, and they are over $250,000, so she will pay the 66% tax. Very simply, will the minister amend the law so that this wonderful grandmother does not have to pay higher taxes?
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