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.
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