• The time the benefits are deemed to have been provided

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    The following table sets out some of the types of benefits provided by a CFC that are subject to section 47A, the time at which they are taken to be provided and the amount of the benefit.

    Type of benefit

    Time

    Amount

    Waiver of a debt

    time the debt was waived

    amount of the debt

    non-arm's length loan

    time the loan was made

    amount of the loan

    Transfer of property for no consideration

    time the property was transferred

    market value at time of transfer

    Transfer of property or services for consideration less than market value

    time the property or services were transferred

    difference between the market value of the property or services and consideration paid

    Payment or transfer of property for the allotment of shares or units

    time the payment or transfer was made

    amount paid or market value of the property transferred

    Benefit provided by another entity under an arrangement with the CFC - if there is one 'arrangement transfer'

    time the CFC made the arrangement transfer

    amount of the arrangement transfer or market value of arrangement transfer

    Benefit provided by another entity under an arrangement with the CFC - if there are several arrangement transfers

    time the agreement to make the arrangement transfers was entered into

    total amount of the arrangement transfers or the total market value of the arrangement transfers

    Last modified: 05 Dec 2006QC 17522