Mr. Speaker, I would like to start by saying that we recognize the importance of farmers and small businesses across our country. We recognize the importance of ensuring that they have an opportunity to pass their businesses to their next family member. The bill in question unfortunately would have the unintended consequence of opening up a tax loophole of up to $1.2 billion for the richest of Canadians, so it is for that reason we believe this is not something that we can move forward on.
In the House of Commons on February 7th, 2017. See this statement in context.