Thank you for the question.
You'll recall that in the FES legislation, which I believe was Bill C-32, Parliament passed a rule around dispositions of residential property that were held for under one year. Basically, those would generally be taxed as business income, but there would be certain exceptions for certain life events—death, divorce, a job in a different place and things like that—that would take effect for the 2023 tax year.
What this does is extend that measure to assignment sales, basically when what you've purchased is not the property but the right to the property. Often that's for condo constructions. That's often where that happens.
It's basically the extension of an existing rule to this other type of transaction, also to take effect for property sold in 2023 or after.