Speech (House debate)

{
    "time": "2017-11-08 15:25:00",
    "attribution": {
        "en": "Mr. Jo\u00ebl Lightbound (Parliamentary Secretary to the Minister of Health, Lib.)",
        "fr": "M. Jo\u00ebl Lightbound (secr\u00e9taire parlementaire du ministre des Finances, Lib.)"
    },
    "content": {
        "en": "<p data-HoCid=\"5111832\"> Mr. Speaker, the government assesses issues arising under the tax system on an ongoing basis. It relies on a range of approaches and information sources to develop an in-depth understanding of potential issues, including the statistical analysis of tax return data, the monitoring of the tax literature, and consultations with the Canada Revenue Agency, academics, tax professionals, and other stakeholders.</p>\n<p data-HoCid=\"5111833\">When the analysis identifies a need for action, options are developed and assessed against a range of criteria such as their impact on the fairness of the tax system, economic efficiency, and the ease of administration of the tax system.</p>\n<p data-HoCid=\"5111834\">This process was followed in the development of the proposals contained in the consultation document released on July 18, 2017. Tax data and other information were used to assess the scope of the issues and the impact of different options. In particular, the number of businesses that could be affected by the various options to estimate the fiscal impact of the proposals was assessed, within constraints imposed by available data.</p>\n<p data-HoCid=\"5111835\">Draft legislation was also released for two of the three proposals contained in the consultation document. Stakeholders, including farmers, were invited to comment on the proposals and the draft legislation. Stakeholders were also specifically invited to provide their views and ideas on whether, and if so how, it would be possible to better accommodate genuine intergenerational business transfers in the Income Tax Act while still protecting the fairness of the tax system. </p>\n<p data-HoCid=\"5111836\">The government will not be moving forward with measures relating to the conversion of income into capital gains. During the consultation period, the government heard from business owners, including many farmers and fishers, that the measures could result in several unintended consequences, such as in respect of taxation upon death and potential challenges with intergenerational transfers of businesses. The government will work with family businesses, including farming and fishing businesses, to make it more efficient, or less difficult, to hand down their businesses to the next generation. </p>\n<p data-HoCid=\"5111837\">In the coming year, the government will continue its outreach to farmers, fishers, and other business owners to develop proposals to better accommodate intergenerational transfers of businesses while protecting the fairness of the tax system.</p>",
        "fr": "<p data-HoCid=\"5111832\">Monsieur le Pr\u00e9sident, le gouvernement \u00e9value continuellement les enjeux qui surviennent dans le cadre du r\u00e9gime fiscal. Il se fie \u00e0 diverses approches et sources d\u2019information pour acqu\u00e9rir une connaissance approfondie des enjeux potentiels, y compris \u00e0 l\u2019analyse statistique des donn\u00e9es des d\u00e9clarations de revenus, \u00e0 la surveillance de la litt\u00e9rature fiscale, et aux consultations aupr\u00e8s de l\u2019Agence du revenu du Canada, du milieu universitaire, des fiscalistes et d\u2019autres intervenants.</p>\n<p data-HoCid=\"5111833\">Lorsque l\u2019analyse r\u00e9v\u00e8le que des mesures s\u2019imposent, des options sont \u00e9labor\u00e9es et \u00e9valu\u00e9es en fonction de divers crit\u00e8res, tels que leur incidence sur l\u2019\u00e9quit\u00e9 du r\u00e9gime fiscal, sur l\u2019efficacit\u00e9 \u00e9conomique et sur la facilit\u00e9 d\u2019administration du r\u00e9gime fiscal.</p>\n<p data-HoCid=\"5111834\">Ce processus a \u00e9t\u00e9 suivi pour \u00e9laborer les propositions comprises dans le document de consultation publi\u00e9 le 18 juillet 2017. Des donn\u00e9es fiscales et d\u2019autres renseignements ont servi \u00e0 \u00e9valuer la port\u00e9e des enjeux ainsi que l\u2019incidence des diff\u00e9rentes options. Plus particuli\u00e8rement, afin d\u2019estimer l\u2019incidence fiscale des propositions, le nombre d\u2019entreprises qui pourraient \u00eatre touch\u00e9es par les diverses options a \u00e9t\u00e9 \u00e9valu\u00e9, dans les limites des donn\u00e9es disponibles.</p>\n<p data-HoCid=\"5111835\">Un avant-projet de loi a \u00e9galement \u00e9t\u00e9 publi\u00e9 pour deux des trois propositions comprises dans le document de consultation. Les parties int\u00e9ress\u00e9es, dont les agriculteurs, ont \u00e9t\u00e9 invit\u00e9s \u00e0 formuler des commentaires sur les propositions et l\u2019avant-projet de loi. Les parties int\u00e9ress\u00e9es ont notamment \u00e9t\u00e9 invit\u00e9s \u00e0 exprimer leurs opinions et leurs id\u00e9es sur le bien-fond\u00e9, et sur des moyens possibles, de mieux traiter les v\u00e9ritables transferts interg\u00e9n\u00e9rationnels d\u2019entreprises dans la Loi de l\u2019imp\u00f4t sur le revenu tout en continuant de prot\u00e9ger l\u2019\u00e9quit\u00e9 du r\u00e9gime fiscal. </p>\n<p data-HoCid=\"5111836\">Le gouvernement ne proc\u00e9derait pas \u00e0 la mise en place de mesures relatives \u00e0 la conversion de revenus en gains en capital. Au cours de la p\u00e9riode de consultation, des propri\u00e9taires d'entreprises, dont de nombreux agriculteurs et p\u00eacheurs, ont d\u00e9clar\u00e9 au gouvernement que ces mesures pourraient entra\u00eener plusieurs cons\u00e9quences inattendues, notamment en ce qui concerne l'imposition au d\u00e9c\u00e8s, de m\u00eame que des probl\u00e8mes potentiels relativement aux transferts interg\u00e9n\u00e9rationnels d'entreprises. Le gouvernement travaillera avec les entreprises familiales, notamment les entreprises agricoles et de p\u00eache, afin de rendre plus efficient et moins difficile le transfert d'entreprises \u00e0 la prochaine g\u00e9n\u00e9ration. </p>\n<p data-HoCid=\"5111837\">Au cours de l'ann\u00e9e \u00e0 venir, le gouvernement poursuivra ses communications avec les agriculteurs, les p\u00eacheurs et les propri\u00e9taires d'autres entreprises en vue d'\u00e9laborer des propositions visant \u00e0 mieux prendre en compte les transferts interg\u00e9n\u00e9rationnels d'entreprises tout en pr\u00e9servant l'\u00e9quit\u00e9 du syst\u00e8me fiscal. </p>"
    },
    "url": "/debates/2017/11/8/joel-lightbound-1/",
    "politician_url": "/politicians/joel-lightbound/",
    "politician_membership_url": "/politicians/memberships/4431/",
    "procedural": false,
    "source_id": "p5111832",
    "h1": {
        "en": "Routine Proceedings",
        "fr": "Affaires Courantes"
    },
    "h2": {
        "en": "Questions on the Order Paper",
        "fr": "Questions au Feuilleton"
    },
    "h3": {
        "en": "Question No. 1179",
        "fr": "Question no 1179"
    },
    "document_url": "/debates/2017/11/8/",
    "related": {
        "document_speeches_url": "/speeches/?document=%2Fdebates%2F2017%2F11%2F8%2F"
    }
}