MPs condemn Finance Department’s ‘defiance’ of Parliament, welcome ‘180’ turn to bring new tax rules into law

The day before the House Finance Committee met to study the matter, the Finance Department reversed a decision to delay the implementation of a law on tax rules in the sale of family businesses.
Conservative MP Larry Maguire was the architect behind Bill C-208, aimed at reducing the tax burden for businesses being passed down intergenerationally.
Conservative MPs are condemning the Liberal government for a plan to delay bringing tax changes into law and say questions remain despite the Finance Department's reversal to put the rules immediately in effect. “In a parliamentary democracy, Parliament has to have the last word,” said Conse...

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