Affiliated persons

Some examples of affiliated persons are:

• you and your spouse or common-law partner;
• you and a corporation that is controlled by you or your spouse or common-law partner;
• a partnership and a majority interest partner of the partnership; and
• after March 22, 2004, a trust and its majority interest beneficiary (generally, a beneficiary who enjoys a majority of the trust income or capital) or one who is affiliated with such a beneficiary.

Forms and Publications

• Guide T4037, Capital Gains
• IT291,Transfer of Property to a Corporation under Subsection 85 (1)