An improvident loan is a transfer of property

CRA indicated that a loan potentially may be a "transfer of property" for purposes of s. 56(2) "if, when the loan is made by a lender, it is apparent that the borrower will not be able to repay the loan."

Neal Armstrong.  Summaries of 27 February 2014 T.I. 2013-0506401E5 under ss. 56(2) and 15(2).