This bill was last introduced in the 40th Parliament, 2nd Session, which ended in December 2009.
Second reading (Senate), as of Nov. 18, 2009
(This bill did not become law.)
This is from the published bill. The Library of Parliament often publishes better independent summaries.
This enactment imposes limits on the remuneration that Canadian business companies receiving emergency financial relief from the federal authorities may pay to their officers and prohibits these companies from paying dividends to their shareholders. It also imposes restrictions on business corporations incorporated federally in respect of the remuneration they may pay to their officers and directors and the benefits they may grant to them.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.