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Feds step back on tax proposals

October 19, 2017, Erinsville, Ont – Federal Finance Minister Bill Morneau is climbing down from another controversial tax proposal to address the concerns of farmers and fishers.

Morneau made the announcement at a farm alongside Agriculture Minister Lawrence MacAulay in Erinsville, Ont., about halfway between Toronto and Ottawa, and three area Liberal MPs.

Morneau said the government is abandoning the proposed tax reform that would have restricted the conversion of income into capital gains. READ MORE