Mr. Speaker, the budget implementation act that we are discussing today would close loopholes. It clarifies some items that were in gray areas that needed clarification, so that tax planners understand what is legal and what is not. We are clarifying the issues around how tax must be paid on money that is generated in Canada.
It is really a matter of clarification so that going forward, people do not use aggressive tax planning techniques that are counter to the spirit of the bill.