Session ideal for incorporated business owners who want to avoid costly tax surprises and use their corporation’s cash the right way.

Many business owners casually move money in and out of their corporation, assuming it’s simple or “easy to fix later.” In reality, borrowing from your company can trigger unexpected tax consequences if it’s not handled correctly.

This session breaks down how shareholder loans work, when they are allowed, and when they can become fully taxable. We’ll walk through common scenarios, such as personal withdrawals, paying personal expenses through the corporation, and timing issues around year-end, and explain how CRA views these transactions.

You’ll learn:

• What qualifies as a shareholder loan and how CRA treats it

• When a loan must be repaid to avoid personal tax

• Common mistakes that lead to surprise tax bills

• How salary, dividends, and shareholder loans interact

• Practical strategies to clean up or plan shareholder loans properly

This session is ideal for entrepreneurs, incorporated professionals, and business owners who want to avoid costly tax surprises and use their corporation’s cash the right way.

This event is hosted by Alberta Women Entrepreneurs.