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Decentralized Democracy

House Hansard - 334

44th Parl. 1st Sess.
June 18, 2024 10:00AM
  • Jun/18/24 2:56:22 p.m.
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Mr. Speaker, after nine years of the NDP-Liberal government, Canada is on track for the worst living standards in 40 years. Now the Prime Minister and his radical finance minister are hiking taxes on farmers to pay for their inflationary spending, all during a food crisis. A new report indicates that the Liberal's job-killing tax hike will cost average farmers 30% more in taxes. Canadians know that when you tax a farmer who grows the food and tax a trucker who ships the food, it is all Canadians who pay the price. How is that fair?
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  • Jun/18/24 2:56:59 p.m.
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Mr. Speaker, as the proud daughter of a farmer, I know the huge contribution farmers make to our country. That is why I am glad that with these tax measures, we are able to increase the lifetime capital gains exemption to $1.25 million for each farmer in Canada. I also know that farmers are hard-working people. They are on the side of the working people, not on the side of the multi-millionaires, but that is not the side the Conservatives are on.
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  • Jun/18/24 3:06:05 p.m.
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Mr. Speaker, my question is for the Minister of Finance, who never thinks about farmers or consults them. With help from the Bloc Québécois, she found a new way to undermine our farming sector. This new tax increase on capital gains will jeopardize the retirements and succession plans of our farming families. The president of the UPA, Martin Caron, wrote the minister a letter on June 6. It was a heartfelt plea denouncing this situation. Will she make a promise today that no farmer will lose their retirement because of this tax increase?
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  • Jun/18/24 3:06:40 p.m.
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Mr. Speaker, as a proud farmer's daughter, I truly want to reassure my hon. colleague that I often talk with farmers and I respect their work very much. That is why I am proud to announce that on June 25, we are increasing the lifetime capital gains exemption to $2.5 million for a couple. This is an important measure for farmers in Quebec and Canada.
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