Provide brief answers to the following questions. (10 marks each)

A. Provide 8 examples of related persons as the term is described in the Income Tax Act.

B. On April 1, 2021, Donner Inc. loans $82,000 to its principal shareholder, Martin Donner, in order to finance his purchases of mind-altering drugs. Doner Inc. has a taxation year that ends on June 30. The loan is interest free. Assume that, during all periods, the relevant prescribed rate is 2 percent.

Required: Determine the tax consequences to Martin if the loan is repaid:

A. On January 1, 2022.

B. On December 31, 2022.