Mr. Speaker, for generations, family farms have fed Canadians and the world. For generations, those farms have been passed from one family member to the next. The Liberals should not be making that harder, but that is where we are.
If a farm is passed to a child, it is tax-deferred. If a farm is passed to another family member, it is fully taxed. The result is that over 57,000 farms have been lost in the last 20 years. That hurts farming families in my community, like Steve Cooper in Uxbridge, who wants to pass his farm to his nephew, but he cannot.
Will the Minister of Finance fix the Income Tax Act and make it easier for families to pass on farms to the next generation?