Which of the following scenarios would typically NOT trigger the attribution rules related to gifts or loans?

Question: Which of the following scenarios would typically NOT trigger the attribution rules related to gifts or loans?

Answer options:

• A father gifting money to his 10-year-old child to purchase GICs.
• A husband lending money to his wife at market interest rates for her business, which is then repaid. ✅ A parent gifting public company shares to an adult child (age 25) who sells them two years later for a capital gain.
• A high-income earner transferring property to a spouse who then earns rental income from it.

Correct answer: A parent gifting public company shares to an adult child (age 25) who sells them two years later for a capital gain.

Explanation: Attribution rules generally do not apply to capital gains realized by an adult child (18+) on property gifted to them by a parent, as long as the child is acting independently. The other scenarios typically fall under attribution rules (related to minors, spouses for income or capital gains).