Mr. Chair, the tax integrity measures will modernize a group of existing anti-avoidance rules and dividend rental arrangement rules. Taxpayers have found ways to get around those rules. This measure will ensure that the dividend rental arrangement rules apply to certain operations in which equity derivatives, called synthetic equity arrangements, are used. It will prevent creative taxpayers from claiming significant recognized tax losses on some of these operations.
In the House of Commons on May 25th, 2015. See this statement in context.