Larry Maguire

During the 43rd Canadian Parliament Maguire's Private member's bill, Bill C-208, An Act to amend the Income Tax Act (transfer of small business or family farm or fishing corporation) was adopted.

During the 43rd Canadian Parliament Maguire's Private member's bill, Bill C-208, was adopted.

Larry Maguire (born June 1, 1949) is a politician and activist farmer in Manitoba, Canada.

The Brandon—Souris riding had been held by the PCs since 1953, and had long been considered a safe seat for the party.

The party's support base in western Canada collapsed, however, with most of that support transferring to the Reform Party.

Maguire was pushed into third place behind the Reform candidate and Liberal Party of Canada Glen McKinnon.

Maguire was the owner and operator of Maguire Farms Limited in Elgin with his former spouse, Beryl from 1975 to 2001 when the farmland was sold to neighbours.

He was named mid-Canada's Outstanding Young Farmer in 1986, and received a Certificate of Merit from the Manitoba Agricultural and Food Sciences Grads Association in 1990.

He was twice elected as the Canadian Wheat Board Advisory Committee's Western Manitoba Representative, serving from 1987 to 1994.

He was also chairman of the Agricultural Diversification Alliance (ADA) and a public governor of the Winnipeg Commodity Exchange in this period, and advocated changes to the federal Crow Equity Fund.

In June 1993, Maguire upset provincial cabinet minister Jim McCrae to win the Progressive Conservative Party of Canada nomination for Brandon—Souris in the 1993 federal election.

The final vote among party members was 1,520 to 1,194.

Maguire emphasized farming issues in his nomination speech, and argued that he would be successful in bringing Reform Party supporters back to the Progressive Conservatives.

Maguire campaigned for re-election as a Wheat Board advisor in 1994 on an openly anti-monopoly platform, arguing that sellers could receive higher prices through an open market.

Others disagreed with his assessment.

He was defeated by pro-monopoly candidate Bill Nicholson, 2,728 votes to 1,544.

Maguire served as president of the Western Canadian Wheat Growers Association from 1995 to 1999.

This group opposed the Canadian Wheat Board's single-desk marketing policy, and favoured market competition in wheat and barley.

Maguire supported the anti-monopoly position in a 1997 CWB referendum on barley sales.

Farmers rejected this position, with 67% opting to remain with single-desk marketing.

Maguire was critical of the referendum question, arguing that it should have included a dual-market option.

He planned to seek the PC nomination again for the 1997 election, but withdrew in favour of Brandon Mayor Rick Borotsik.

In 1998, Maguire was appointed to a council evaluating proposals for the Agri-food Research and Development Initiative.

This was a joint project from the federal and provincial governments.

Later in the same year, he endorsed anti-monopoly candidates in the first ever election of the Canadian Wheat Board's directors.

Pro-monopoly candidates won eight of the ten positions.

Maguire sought the Progressive Conservative Party of Manitoba nomination for Arthur-Virden in April 1999, but lost to rival candidate Gary Nestibo.

Nestibo forfeited his nomination following allegations of dubious land sales and vote-stacking, however, and a new nomination meeting was scheduled for August.

Maguire finished second on the first ballot, behind Gary's wife Lorna Nestibo, but won on the second count with support from third-place candidate Grant Fotheringham.

Formerly a Progressive Conservative MLA in the Legislative Assembly of Manitoba, he was elected to the House of Commons of Canada in a by-election on November 25, 2013.

He is a member of the Conservative Party of Canada and sits on the House Standing Committee on Citizenship and Immigration.

On August 12, 2013, Merv Tweed, Borotsik's successor, announced his resignation from the House of Commons.

The following week, Maguire announced his intention to seek the Conservative Party of Canada's nomination in the electoral district.

Maguire was re-elected in the 2015 and 2019 Canadian federal elections.

In the lead up to the 2019 election, Maguire was one of 27 candidates with a strong environmental track record from across the political spectrum to be endorsed by GreenPAC.

GreenPAC is a non-profit, non-partisan organization that works to elect and support environmental leaders.

Maguire's endorsement is a recognition of his efforts to protect water and wetlands as an MLA and an MP.

This includes securing funding for water management and wetland restoration projects such as the Assiniboine River Basin Initiative.

Introduced on February 19, 2020, Bill C-208: An Act to amend the Income Tax Act (transfer of small business or family farm or fishing corporation) applies the capital gains tax and its exemptions, instead of the dividend tax, to inter-generational transfers of corporations classified as small businesses, family farms, and family fishing corporations so that they are taxed at the same rate as they would when selling to a third party.

Previously, it was more financially advantageous for an owner to sell their operation to a third-party than to a family member from a taxation perspective.