Understand what a shareholder loan is and how to use it. You’ll also be aware of potential tax issues that can arise.
00:00 - Intro
00:36 - What Is a Shareholder Loan?
01:36 - How a Shareholder Loan Is Used
01:42 - Owner Cash Withdrawal
02:03 - Purchase of a Personal Item with Company Funds
03:11 - Owner Cash Contribution
04:22 - Paying a Business Expense with Personal Funds
05:19 - What Your Shareholder Loan Balance Means
06:37 - Bookkeeping Courses
06:56 - Shareholder Loan on a Balance Sheet
08:44 - Shareholder Loan Problems with the CRA
09:21 - How to Avoid Shareholder Loan Tax Problems
09:52 - Repaying the Loan
10:36 - Taking the Funds as a Salary
11:14 - Taking the Funds as a Dividend
11:50 - Final Thoughts
.png)
.png)
