Chris P. Bacon transfers shares in Ali Manufacturing Inc. to Bacon Holdings Ltd., a corporation which he controls. The shares have an ACB of $35,000 and a FMV of $5,000. Chris elects to transfer the shares under ITA 85(1) at an elected amount of $5,000. The $30,000 capital loss on this transfer: a. will be disallowed but available to the transferor when the corporation is subject to an acquisition of control or is wound up. b. will be disallowed and added to the ACB of the shares to Ali Holdings Ltd. c. will be deductible to the transferor as the transferor is an individual. d. will be deductible to the transferee as the transferor is an individual

e. None of the above