Conservative MP Larry Maguire's private member's bill passed amended the Income Tax Act so business owners could pass on companies to their children or relatives at the same tax rate as if they were selling to a stranger.
The legislation received royal assent in late June just before the House of Commons broke for its summer recess, but didn't include a specific date for when it would come into force. The House of Commons finance committee will meet on Tuesday to grill department officials about the decision. "When this bill was passed by Parliament, only the Liberals voted against it. Now that it is signed into law, Trudeau is simply choosing not to implement it," reads a joint statement from Conservative small business critic Pat Kelly and Luc Berthold, who focuses on the Treasury Board.
If photo represents a 'Peek'into Canada's 'soaring' future as Finance honchos, DMs, & CanadianPM /PMO wonks gather to 'Diddle the Data' to create a winning solution or 'Smoke and Mirrors' to divert Canadian voter's attention during the Sept Election; invert the flag. Reuters