In accordance with ITA $69,$ when land is sold between non$-$arm's length parties for a transfer price that is greater than fair market value of the land, the adjusted cost base of the land purchased by the transferee is deemed to be

A$.$ the actual consideration paid

B$.$ the greater of the actual consideration paid or the fair market value of the land

C$.$ the fair market value of the land

D$.$ the actual consideration paid plus any capital gain recognized by the transferor