buksoShareholder loan owe the corporation borrowed
Not tax advice. General bookkeeping information only, checked against the official sources linked below (Canada Revenue Agency, IRS, provincial governments and Justice Laws) on Oct 17, 2026. Rules change; check with your accountant before you file.
Canada
If you, as a shareholder, borrow money from your corporation, the loan is generally included in your personal income. The exception is a loan repaid within one year after the end of the corporation's tax year in which you took it, as long as the repayment is not part of a series of loans and repayments. A low- or no-interest loan can also create a deemed interest benefit.
Official source: canada.ca