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QUESTION PERIOD — Finance

Transfer of Small Business

April 7, 2022


Hon. Yonah Martin (Deputy Leader of the Opposition)

Yes, it’s very important in every change that we make to help small businesses, even the smallest of fees will make a big difference for them.

On another matter of importance to many small businesses, is Conservative MP Larry Maguire’s Bill C-208, which reduces the taxes paid when transferring family farms or small businesses to family members. Although Bill C-208 passed last June, the Trudeau government never supported this bill and, in fact, even attempted not to implement it through a finance department press release.

In July, on the night before a committee of the other place intended to examine the government’s defiance of Parliament on this bill, Minister Freeland happened to release a statement acknowledging the law had come into force. The minister committed to bringing forward changes to Bill C-208 in November.

Leader, here we are in April, nine months later, and we still don’t know what the NDP-Liberal government intends to do with this bill. What are your plans with respect to Bill C-208?

Hon. Marc Gold (Government Representative in the Senate) [ - ]

Thank you for your question. I do not have information as to the status of that particular bill. I’ll make inquiries and be happy to report back.

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