Question $62(13$ minutes$)[$Chapter $13]$ Tina is the national sales manager of TransCanada Sales Ltd$.$ She owns $12\mathrm{.}5\%$ of the common shares of the corporation, having exercised stock options in previous years. She was not involved in the financial management of the corporation. On June $9,2010,$ she borrowed $$200,000$ from the corporation, under its employee$-$loan policy applicable to all full$-$time employees, to finance the purchase of a condominium for her and her husband to live in Dundas, Ontario, near the head office of the company. Under the terms of the loan plan, Tina signed an agreement on the day she received the loan to pay interest at $2\%$ annually on the first day of each month during which the loan was outstanding and to repay the principal in $20$ equal annual instalments on January $1$ of