Tax Tips ” Shareholder Loans”

If you are an owner of a small business and you already set up a corporation, you may consider “Shareholder Loan” before paying yourself a salary or dividends.
Shareholder Loan means, when the owners of the business pay for the expenses on the behalf of their corporation therefore the company owes them. The expenses could be at the “Start-up expenses” or “Operating expenses”.
Shareholder Loan can be completely tax free, however, salary and dividends are both taxable.