How do you prevent ICs that are "turned off" from drawing parasitic power?

CrossRoads:
Can you use a I2C source voltage driver that you can turn off? i.e couple of P-channel MOSFETs?

Now I start to get it. Do you mean to drive the bus with P-channel MOSET and couple with a second P-channel MOSFET that toggles the power on the first MOSFET?