The next measure is in clause 15 of the bill.
This measure builds upon a measure introduced in the first budget bill of this year, dealing with passive investment income earned by private corporations.
It ensures that in a very particular situation, where losses from a previous year are carried forward to offset taxes under part 4 of the Income Tax Act, which are fairly rare.... You usually don't use loss carried forward to offset part 4 taxes because they're refundable and you get them back when you pay dividends, but if you do and if the offsetting of the part 4 tax would have an impact on both your new ineligible refundable dividend tax-on-hand pool, as well as your more flexible and valuable eligible refundable dividend tax-on-hand pool, then this would ensure that the optimal result for taxpayers is achieved by first reducing the amount of the ineligible refundable dividend tax-on-hand account balance. It's the less favourable one for taxpayers before starting to touch the more favourable eligible account.
This clarifies some uncertainty in the application of the rules for a fairly limited number of circumstances, but it does provide the optimal result for taxpayers.
The next measure can be found in clauses 17 and 20 of the bill. It relates to charities and their political activities. The measure would allow charities to carry on political activities without regard to specific limits, provided those activities are ancillary to and incidental to the fulfillment of its charitable purposes.
The next measure is—