No, that's not quite right. They may have an actual disposition if they disposed of their shares in the corporation in order to acquire an interest in an income trust. This bill doesn't have anything to do with that. The provision on page 8 deals with a recapture through the eligible capital property rules, but that recapture is generated in the context of a farming or fishing business. The portion of that recapture that represents the capital gain is deemed to be eligible for the farmers' or fishers' capital gains exemption. That's what this amendment is about.
On December 5th, 2006. See this statement in context.