Mr. Speaker, I thank the minister for his unusually succinct answer.
The national roundtable also recommended that private woodlot owners be provided with the same capital gains tax exemption currently available to farmers. At present if an owner wishes to pass on their woodlot to an heir it is more advantageous to clearcut the woodlot and pay less capital gains tax than manage the woodlot in an environmentally sound manner. The current tax code offers an incentive to prematurely clearcut woodlots rather than use sustainable forestry practices.
When will the government respond to this recommendation?