Let's demystify this essential but often misunderstood topic. Learn how to manage your shareholder loans effectively in Canada and avoid potential tax issues with the CRA.
#SmallBusinessTips #BookkeepingServices #FinanceAdvice #ShareholderLoans #TaxTips
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🎥 CONTENTS OF THIS VIDEO
00:00 - Introduction
00:30 - What is a Shareholder Loan?
01:10 - Common Mistakes
01:38 - Avalon’s Bookkeeping Services
02:08 - How to Use Your Shareholder Loan
02:11 - Owner Cash Withdrawal
02:24 - Purchase of Personal Items with Company Funds
02:36 - Owner Cash Contribution
03:01 - Paying Business Expenses with Personal Funds
03:13 - What Your Shareholder Loan Balance Means
03:22 - Debit Balance
03:33 - Credit Balance
03:41 - Shareholder Loan Problems with the CRA
04:06 - How to Avoid Shareholder Loan Tax Problems
04:10 - Repaying the Loan
04:32 - Taking the Funds as Wages
04:48 - Taking the Funds as a Dividend
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🔗 MENTIONED IN THIS VIDEO
► Avalon's Services
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► Shareholder Loan Explained - Understand it and Avoid Trouble with the CRA🍁
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► How to Pay Yourself from a Corporation in Canada | Salary vs Dividends
[ Ссылка ]
► How to Finance your Business | Best Ways to Finance Your Business | Make Money
[ Ссылка ]
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🅰️ AVALON ACCOUNTING
Avalon is a virtual accounting firm located in Canada. We aim to be THE online accounting department for small businesses in Canada.
We provide online bookkeeping, accounting services and expert financial advice for small businesses.
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