That is the CETA that was negotiated by the former government.
The objective of the AgriInvest program states that it encourages producers “to set money aside which can be used to recover from small income shortfalls, or to make investments to reduce on-farm risks.” For years it has allowed farmers to get by when times are tough or to make investments to save up for costly equipment.
Does the minister really think it is fair to encourage farmers to open these accounts, previously taxed at 15%, and to now tax these funds at almost 53%? How is that fair?