SoVote

Decentralized Democracy

House Hansard - 338

44th Parl. 1st Sess.
September 18, 2024 02:00PM
Context: House Hansard - 338 - Sep/18/24
Mr. Brad Vis
  • Sep/18/24 7:01:55 p.m.
  • Watch
Madam Speaker, I could not think of a more out-of-touch answer to the very real concerns that I raised, which were backed by Statistics Canada data. In fact, talking about middle-class Canadians, as I outlined in my remarks, the capital gains tax will often only be paid by 63% of Canadians once in their lifetime. Why is that significant? It is because of the 80-year-old farmer in Hatzik Valley, who does not have any children, who came to me. He wants to keep his family farm in his family, but if he and his wife were to sell the property today, which is worth a few million dollars, they would not be able to have enough money to retire to assisted living, where they should be, because the capital gains tax increase they are paying has completely thrown off their retirement investment. I think of the auto mechanic who invested in a property to start a business and employ people. The government is saying, no, that they need to give more. That is not sufficient—
181 words
  • Hear!
  • Rabble!
  • star_border