Pierre Poilievre at the Finance Committee

On February 6th, 2020. See this statement in context.

February 6th, 2020 / 4 p.m.

Conservative

Pierre Poilievre Conservative Carleton, ON

For the witnesses from MNP, I'm looking at page 4 of the package you presented, “Fairness and Certainty in Budget 2020”. There, you lay out a scenario whereby a family selling its business to its children is taxed at a significantly higher rate than if the same family sold its business to a third party.

I just want to make sure I properly understand the table. In it, you indicate that if the family sells the business to a child personally, then the family could take advantage of the lifetime capital gains exemption. Is that so?

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