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Presentation on Private members’ Bill to protect family owned business


TRURO – A member of parliament from Quebec is to make a presentation in Truro on Thursday regarding a proposed federal bill aimed at protecting rights related to family owned businesses.

Guy Caron, MP for Rimouski-Neigette-Témiscouata- Les Basques, who is also the NDP critic for Finance and the Atlantic Canada Opportunities Agency, as well as the deputy critic for Fisheries, Oceans and the coast guard, will be making the stop at the Marigold Cultural Centre as part of a tour throughout the Atlantic provinces to present his private members’ initiative, Bill C-274.

Caron’s stated purpose of the proposed bill is to end the “unfair taxation” on family transfers for small and medium-sized enterprises, family farms or fishing operations. He said passage of the bill would allow owners and buyers in the same family to have access to the same rights and privileges that exist regarding transactions between non-related people.

“This bill would protect the family business environment and has received the support of important stakeholders, such as the Canadian Federation of Agriculture and the Canadian Federation of Independent Businesses,” Caron said in a news release.

An open discussion session is to follow the short presentation.

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