Good afternoon, Mr. Leitão. My name is Hubert Rioux, and I'm the federation's economic director.
Indeed, as my colleague mentioned, we expect to see 50,000 businesses transferred in Quebec by 2030. We were actually a bit disappointed that the Canadian entrepreneurs' incentive was cancelled, because the net opportunity cost for those transferring their business will be significant despite the increase in the lifetime capital gains exemption. Indeed, the taxes to be paid on capital gains greater than $1.25 million will be higher than they would have been had the incentive been maintained.
At the federal level, there's also what's known as the 50% + 1 rule, which requires family businesses to transfer more than 50% of the voting shares in the first year if they want the capital gains exemption.
What we've been seeking for a long time is the gradual transfer of voting shares to reduce the financial burden of business transfers for family businesses that, as you know, are very important to Quebec's economy.