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Shareholder loan taxation
Shareholders of a company can withdraw money from a corporation through various methods including salary, dividends, management fees, and shareholder loans. The intention of this guide is to provide a detailed description of shareholder loans in simple layman terms. What Is a Shareholder Loan? Each option to withdraw money from a corporation has specific benefits and tax implications. It’s important to understand each of these to determine if taking a shareholder loan is the right option for you. The Canadian