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Essential Facts about Shareholder Loans and Its Tax Implications

Friday, September 16 | 12:00 PM - 1:00 PM

ATB Entrepreneur Centre, Calgary

Register for this session by clicking here

If you are a shareholder of a corporation or ‘connected” with a shareholder of a corporation and you withdraw funds from the corporation, you may be required to include the entire amount of the loan in your personal income under the “Shareholder Loans” provisions of the Act.

– Learn about what constitutes of the shareholder loan account within your corporation.
– Learn about the basic rules imposed by the Canada Revenue Agency (CRA) when an owner-manager borrows funds from the
– Learn about some exceptions available to allow shareholders to take loans for a longer period of time.
– Learn about clearing the shareholder loans by either paying a Salary or declaring a Dividend and its advantages and
– Understanding the corporate and personal tax effects of paying dividends versus salaries.

This session is ideal for you if own or operate an incorporated small to medium sized business.

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