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
• 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
• Archived Interpretation Bulletin IT291R3, Transfer of Property to a Corporation under Subsection 85(1)