Questions? Call 416-367-4222

Published: September 3, 2020

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.

Disclaimer:

"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

Get your CRA tax issue solved


Address: Rotfleisch & Samulovitch P.C.
2822 Danforth Avenue Toronto, Ontario M4C 1M1