Petition Ending Unfair Taxation for Family Business Transfers
Bill C-274 aims to facilitate the transfer of small businesses or family farms or fishing operations between members of the same family. More specifically, it will allow owners and buyers in the same family to have access to the same rights and privileges as for a transaction between non-related persons.
Owners of small businesses, family farms and fishing operations all agree that current tax rules discourage the transfer of their businesses to their children. The rules make it more advantageous to sell to someone outside the family.
To learn more about the Bill, click here: http://guycaron.ndp.ca/ending-unfair-taxation-on-family-business-transfers
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