Mr. Speaker, Andrew Lovell is a farmer from New Brunswick who is looking forward to passing his farm on to his kids. Today he testified before the finance committee that the minister's amendments to section 84.1 of the Income Tax Act would double the tax that his family would pay on that transaction. Meanwhile, there would be no tax if he sold the farm to McCain Foods. That means that farms like Andrew's will be taken over by big corporate giants.
Will the minister announce today that he is backing down on the draft legislation that would take Andrew's farm out of his family?