The government has been moving, over the past several years, to try to reduce capital taxes. The general capital tax applicable to corporations overall has been eliminated. The tax on the taxable capital of financial institutions is still in place but it's being modernized and the base amount that's exempt from the tax has been increased to reflect that the original base amount was implemented some 20 years ago, when part VI was introduced.
On December 5th, 2006. See this statement in context.