That's a great question. In my remarks, I noted that the tax code is becoming more complicated for all farmers. No matter if you're a 10-acre farm or a 10,000-acre farm, I can guarantee you that, when you call your farm tax accountant at the time of succession planning, you're going to be paying more fees now because the tax code has become more complicated because of all these changes.
Let me dig into that a little more. Prior to these changes, we had a 50% capital gains inclusion rate. It was pretty simple. Now we have a 50% capital gains inclusion rate up to $250,000. Then it goes up to 66% after $250,000. You also have this new program or policy called the Canadian entrepreneurs' incentive that somehow digs into there. You have the lifetime capital gains exemption. It's complicated, very complicated. It's complicated for us, and it's complicated for farmers and tax accountants as well.
That's why our ask to the government is to have a very targeted exemption specifically for farmers and specifically for intergenerational transfers. That's why we've been asking the government to bring the capital gains inclusion rate back to 50%, just a simple 50% for intergenerational transfers. If the father or mother is transferring the farm to their son or daughter, they'd be captured in that, but if the father or mother are selling to a developer, for example, they wouldn't be captured in that.
Our ask is really to support family farms and the continuation of family farms, which are quite simply dying by a thousand cuts almost every single day.