Mr. Speaker, the AgriInvest program has been used by Canadian farmers for years as a way to set money aside to manage income decline, support investments, and more. However, while AgriInvest encourages farmers to set this money aside, and it was previously taxed at 15%, under the government's new tax plan, farmers are concerned that these funds could be taxed up to 53%.
Does the Minister of Agriculture really think it is fair to ask farmers to set aside money in an AgriInvest account and then turn around and tax these funds at a higher rate? How is that fair?