With regard to what will happen following the coming into force of Bill C-208, An Act to amend the Income Tax Act (transfer of small business or family farm or fishing corporation), from the 43rd Parliament: (a) when will the government set a coming into force date for the new act; (b) as of what date will transactions be affected by this act; (c) what directives is the government issuing for accountants and other individuals affected by the new act regarding the (i) time when this act must start being applied, (ii) way in which to interpret this act; and (d) how will the act be applied to transactions that begin before the coming into force date, but are not concluded until after the coming into force date?
In the House of Commons on April 25th, 2023. See this statement in context.