Thank you.
The third question is for you, Mr. Marcoux.
During our tour out west, we received a copy of a letter written by representatives of Eagle View Farms, addressed to our colleague Mr. Cummings. This letter spoke of “the financial hardship the present regulations pertaining to capital gains taxes could have on the continuation of our family farms in Delta and Surrey”. The letter also said that “present federal legislation states that when a farm is passed down from a parent to a son or daughter, taxes associated with capital gains are not applicable”. It also says however, that “according to the present regulations, if a farm is transferred from one sibling to another, taxes associated with any capital gains will be triggered”, and the authors of the letter want the policy to be changed.
I would like your comments on that.