The issue focused on payments made by Canadians who engage in offshore accounts or offshore trusts and nominees and beneficiaries for corporate entities registered in offshore jurisdictions such as the Bahamas and Bermuda. In addition to limiting Canadians from transferring assets offshore for personal purposes, this provision seeks to discourage offshore secrecy jurisdictions such as Bermuda from facilitating transfers between Canadians and offshore trusts or nominees or beneficiaries for offshore entities registered in offshore jurisdictions such as the Bahamas or Bermuda. This provision aims to discourage offshore secrecy jurisdictions such as Bermuda from facilitating transfers between Canadians and offshore trusts