Philip Lawrence at the Finance Committee

On June 18th, 2024. See this statement in context.

June 18th, 2024 / 12:05 p.m.

Conservative

Philip Lawrence Conservative Northumberland—Peterborough South, ON

Thank you very much.

Now this Liberal government is adding insult to injury for farmers. In addition to the thousands of dollars—sometimes tens of thousands of dollars—of carbon tax, they're now increasing the capital gains inclusion. The capital gains inclusion, from the advice that you've received from your tax professionals, will increase your tax burden and make it more difficult to pass the family farm on to your daughter.

Is that your understanding?

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