“I want to let family farms be passed down without crushing taxes. The current rule favors children and punishes nephews. That's hurting farms and families.”
What they said. What they meant.
Plain-language translations from the House of Commons.
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Oral Questions
Taxation
In a discussion about taxation, Conservatives raised concerns about the challenges faced by family farms when passing down their business to the next generation. Liberals acknowledged the importance of generational farming and promised further discussions with the Minister of Finance, without providing any concrete solutions.
“I'm going to keep talking and acting concerned, but don't worry, we won't actually do anything about those taxes on your farms.”