Thank you for your answers. That is very helpful, and I guess you've clarified the red herring that Ms. Thomas put out: Individuals are not impacted.
Setting that aside, this appears to me to be a massive loophole, then, for foreign entities, if all they would need to do is claim exemption that they're under the $150-million threshold. If they are not filing in Canada, there would be no way to prove or disprove that. Is that correct?
We have a massive problem with overseas tax havens in this country. The Parliamentary Budget Officer estimates that we lose $25 billion of tax revenues each and every year to overseas tax havens.
If we have a foreign entity that doesn't file in Canada and that just claims the exemption, with the way you see this amendment, would they be able to do that?