18 August 2005 External T.I. 2005-0126131E5 - Section 7 Benefit - ACB of CCPC Shares -- summary under Paragraph 53(1)(j)

The ACB addition under s. 53(1)(j) for shares of a CCPC acquired by an employee under a s. 7(2) trust would occur at the time that the trust acquires the shares for the benefit of the employee even though the recognition of that s. 7 benefit is deferred under s. 7(1.1).