R.S., c. 1 (5th Supp.) Income Tax Act 1 Section 245 of the  Income Tax Act  is amended by adding the following after subsection (4): Economic substance (4.1) An avoidance transaction that would result, directly or indirectly, in a tax benefit, the amount of which exceeds the amount of the actual or anticipated financial benefit of the transaction to the taxpayer, is deemed, in the absence of evidence to the contrary, to be a misuse of the provisions of any one or more of the enactments referred to in subparagraphs (4)(a)(i) to (v).