Facilitating the Transfer of Family Farm or Fishing Corporations Act
An Act to amend the Income Tax Act (transfer of family farm or fishing corporation)
This bill is from the 41st Parliament, 2nd session, which ended in August 2015.
This bill is from the 41st Parliament, 2nd session, which ended in August 2015.
Introduced as a private member’s bill. (These don’t often become law.)
Second reading (House), as of June 18, 2015
(This bill did not become law.)
This is from the published bill.
This enactment amends the Income Tax Act in order to provide that, in the case of the shares of the capital stock of a family farm or fishing corporation, siblings are deemed not to be operating at arm’s length and to be related.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.