Stevie Harper popped up in Petty Harbour today, just outside St. John's, to reinforce the view that all we have in Newfoundland and Labrador is fish and fishermen. His announcement in the local version of Peggy's (If I see one more "quaint" picture) Cove, focused on fish and not a helluva lot else.
The PM, by contrast, talked about lots of things during his trip here - and sounded like he was enjoying himself as he did it.
Standing side by side with Loyola Hearn, Harper proclaimed his support for a bunch of fisheries things, including a policy that would allow fishermen a capital gains break on transferring ownership of fishing vessels within the family.
He added joint management and custodial management to the pile, demonstrating conclusively that his fish man (Loyola Hearn) is stuck in the 1980s. What's next? A hydroponic cucumber factory in Mount Pearl? Double-daylight savings time?
As Greg Locke reports, one mainland journalist traveling in the Opp Leader bubble babbled that he had no idea what custodial management was. Here's a simple link.
For those who want to see it done properly, they can check the United Nations law of the Sea Convention and the current federal government approach.
Local proponents of custodial management want to force the foreigners off the nose and tail of the Grand Banks and claim the fish as ours to manage. Picking a fight with the Spaniards, French and Portuguese seems like an eminently sensible way of making sure the European Union lowers its tariffs on shrimp imported into the EU from Newfoundland and Labrador.
As for joint management, to paraphrase Harper himself on another topic, the answer to fisheries problems lies not in one group of politicians sharing power with another group of politicians. It comes from giving meaningful influence to those who depend on the fishery for their livelihood. Check the latest House of Commons fisheries committee report for just such an idea. It's blogged here.
*sigh*
Anyway, seems that the capital gains policy was lifted from bill C-343, proposed by Lawrence MacAulay back in February, 2005. It died with the government, like a bunch of other measures.
**Hon. Lawrence MacAulay (Cardigan, Lib.) moved for leave to introduce Bill C-343, An Act to amend the Income Tax Act (capital gains exemption on disposition of fishing property).
He said: Mr. Speaker, the Income Tax Act allows an individual to claim a $500,000 total lifetime exemption for capital gains that arise from the disposal of qualified farm property.
I am pleased to table this bill today which amends the act so that an individual may also claim this exemption in respect of qualified fishing property.
This bill is very important to the fishing industry. I urge the House to support it.
(Motions deemed adopted, bill read the first time and printed)***
Revision: Aside from the bit snipped, here's something from the Charlottetown Guardian from September.
Harper should have looked closer at bill: MP
Cardigan MP Lawrence MacAulay says Opposition Leader Stephen Harper should have taken a closer look at Bill 343 tabled by MacAulay last February before saying that a new Conservative government will provide a capital gains exemption for the first $500,000 of qualifying fishing
property transferred within a family. Harper said he would exempt fishermen from capital gains tax on up to $500,000 on land, licenses or equipment handed to their children. "There is just something wrong with charging capital gains tax when a fishing family wants to transfer assets from one generation to another," said Harper.
Under the Conservative plan approximately 60,000 full- and part-time fish harvesters in Canada would be affected.
But MacAulay says Harper's plan is only a half-measure. MacAulay's private member's Bill 343, given first reading Feb. 25, calls for an exemption on capital gains up to $500,000 on transactions involving any individual, not just family members.
"I just wish Harper would have looked at my bill, and he would not have limited his suggestion to families. My bill is for the entire fishing industry and it is important that it be that way in order to ensure its survival in the small business backbone of the Canadian economy."
