When a property is transferred with a view to securing repayment of a debt or a loan (in this case, a loan from a related company), there is no disposition of property. 106443 Canada Inc. v. The Queen, [1994] E.TC 247 upholds the application of paragraph (d) of the definition of "disposition of property" even if the redemption value of property that has been sold with the right of redemption is different from the value attributed to the property at the time of transfer.
