While campaigning on April 10 in Métabetchouan-Lac-à-La-Croix, QC, Bloc québécois leader Gilles Duceppe promised to usher in a five-step strategy aimed at supporting Quebec’s farmers:
- Increase the deduction for capital gains tax by $1-million in cases where the farm is being sold to stay active.
- Allowing farm owners to transfer their property to any relative under the 40 years old, such as brothers, sisters, nieces and nephews (currently, only children and grandchildren are eligible)
- Create a savings plan with farm transfer state contributions allowing producers to accumulate a retirement fund in a tax-free account.
- Open up the Home Buyers Plan to youth who want to buy a farm (currently, the Plan is only available to homeowners).
- a $3,000 tax credit to any qualified young worker who moves to a rural area to work on a farm.