𝐑𝐞𝐯𝐢𝐞𝐰 𝐲𝐨𝐮𝐫 𝐒𝐡𝐚𝐫𝐞𝐡𝐨𝐥𝐝𝐞𝐫 𝐋𝐨𝐚𝐧 𝐚𝐦𝐨𝐮𝐧𝐭.  

Although this is common sense it often is overlooked as part of an overall financial plan as a way to get money out of a corporation.

If you have a Shareholder Loan Credit, take advantage of withdrawing that amount tax-free from the corporation.

This will be a 100% tax-free transaction for you and it will help you in two different ways:

(1) If this money is invested in the corporation, it will be earning Passive Income and contributing to your Passive Income Clawback.  This is going to be your huge tax saver if you are a high passive income earner.  ✅

(2) Passive income within a corporation will initially be taxed at 50.2% in Ontario.  

Most people are in a lower tax bracket so by investing the monies personally opposed to inside the corporation, you will also save on the tax on the growth of the assets.  ✅