Taxation

During Question Period, the Conservative Party raised the taxation of family farms when they are passed down, saying current rules defer tax only when a farm goes to a child, while transfers to other relatives trigger full taxation, and asking the government to change the rules to keep family farms in the family. A Liberal minister replied that generational farming is important, that the issue has come up through the national policy framework with stakeholders, and that the matter will be discussed further with the Minister of Finance.Written by AI from the debate. Updated .

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