Clause 53 amends section 212.3 of the act. That's the section that provides the foreign affiliate dumping rules. These rules essentially apply to prevent money from being extracted from Canada free of tax, avoiding the withholding tax rules that we just discussed.
Currently, the rules apply when a non-resident corporation controls a corporation resident in Canada. This measure generally would extend the foreign affiliate dumping rules to also apply to a non-resident trust or individual that controls the Canadian resident corporation.