I would be happy to do so. I will try to make it as clear as possible.
As I said, it attempts to transform ordinary income into half-tax capital gains. Let's say I want to invest in a bond portfolio and I'm going to earn so much interest income. That interest income is fully taxable to me as ordinary income. Even if I own it through a mutual fund trust, it's coming to me and I'm paying the full amount of tax on it.
What the strategy would do is that a mutual fund trust would be set up. It would acquire a bundle of Canadian securities. These are shares of publicly listed Canadian companies, usually. It would agree to sell those shares in five years' time to a counterparty. The price for those shares was going to be determined by the return on the bond portfolio. In that way, the fund was able to get an economic exposure to the return on the bond portfolio, which, if held directly, would be fully taxable as ordinary income. However, when they sold those Canadian securities, they'd claim them as capital gains and pay tax at half the normal rate.
That's generally how this planning works.