Читать книгу Kickstart Your Corporation - Andrew Feindel - Страница 27

As a shareholder, you can take a loan from your corporation. Here's how that works: you can personally borrow money from the corporation and will not have to repay the loan until one year after year-end, giving you a repayment window of up to 729 days. Shareholder loans can be helpful in situations like the one we've just discussed, when you need to take on debt for personal reasons—whether that's financing your personal residence, cottage, or vehicle.

On your corporate books, the loan will appear as an asset to your company and a liability to you. In repaying the loan, you will need to pay the daily prescribed interest rate (currently 2%) or have a deemed interest benefit, but this will be less than the current prime rate (currently 2.45%).⁶ All things considered, I would much rather see you pay the prescribed interest rate to your corporation than a higher interest rate to the bank for your debt payments.

One more note about shareholder loans: it is very important to make sure you repay any loan you receive from the corporation. If you fail to repay the loan, you will have to add the borrowed amount to your personal income tax return, and you will be charged interest by the Canada Revenue Agency (CRA) for taxes owed. Also, once you have repaid the loan, you should avoid additional shareholder loans, as the CRA could potentially penalize you for a series of loans.