Shareholder Loan

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Subsection 15(2) of the Canadian Income Tax Act includes in income the amount of any shareholder loan not repaid within 2 corporate year ends.

Comments

MS says:

is there any way around this shareholder loan for buying a house if you are the principal shareholder? Would you have to start paying yourself as a salary and also have 1 employee? or can you do it if you are the only employee?

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