Mr. Speaker, the Liberals' increase in the capital gains inclusion rate from 50% to 67% is a direct attack on Canadian farm families.
The Liberals like to claim that this will only impact the ultra-rich, but that just is not true. This will impact family farms and young farmers who are just trying to take over the family farm. The average grain farm will easily exceed the lifetime exemption rate.
This tax increase is not fair and will jeopardize the economic viability of farm families and our rural communities. Will the Prime Minister end his attack on family farms that are just trying to put food on our table?