LOCAL 6

Capital Gains Exemption

The MFU supports and is actively fighting for an increase in capital gains exemption from $100,000 to $500,000 as is enjoyed by primary producers and fishermen in other parts of Canada. This fight, should we win it, will directly impact new entrants into the fishery in a positive way and allow fishing families to transfer their fishing enterprises to their children or retire without the penalty of unreasonable tax burdens currently being levied by our government.