If I had to list one priority, it would be succession planning for family businesses. In agriculture, intergenerational transfers of the business is a problem throughout the province and Canada-wide.
The number of businesses that survive through the second generation is very low. The number of businesses that survive through the third generation is even lower. The taxes collected at the time of the intergenerational transfer of the business have a huge impact on operating funds, as well as its survival. In agriculture, there can be rollovers between members of the same family, to defer paying the taxes until later.
We sincerely believe that if this measure were applied to all SMEs, there would be more intergenerational transfers. In the years to come, many companies will change hands. In our opinion, this measure is a priority that we must look at.