The suggestion I would make is to exempt MICs under the current anti-avoidance rules, but add that MICs should not be able to invest in a company that is not at arm's length from one of the major owners of the company. By doing that we would get away from people stuffing their RRSPs, people getting money into their RRSPs that the government did not intend they should get there.
On November 2nd, 2011. See this statement in context.