The signal consists of a series of 300-ms "pips" of an 800 Hz tone between twenty and ten seconds before the hour inclusive, followed by silence, and then a one second-long 800 Hz tone to mark the top of the hour. The CBC time signal is typically delayed by about 300 ms with respect to the CHU time signal, due to the fact that the actual time signal, which originates from Ottawa, is disseminated by satellite.
The spoken header (the voice varies from station to station) typically reads, "The beginning of the long dash, following ten seconds of silence, indicates exactly [insert local time here]."