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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.

 
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