Скачать или смотреть Taxation of Corporate Loans to Shareholders

The video explains the tax implications of corporate loans given to shareholders, outlining specific scenarios where these advances do not result in a taxable dividend or salary benefit. Loans are generally permitted if the shareholder is also an employee and the loan relates to their employment, such as assisting with buying a primary residence, acquiring treasury shares, or purchasing a work vehicle, provided the repayment terms are reasonable. A "specified employee", one owning ten percent or more of the corporation’s shares, has fewer permissible loan purposes unless the loan is available to all non-shareholder employees with similar duties. If a loan does not meet the employment-related criteria, it must be repaid within one year after the corporation’s tax year end, or the full amount becomes taxable to the shareholder as property income, though a deduction is allowed in the year of repayment. Finally, the text distinguishes between the tax treatment of the loan principal versus any imputed interest benefit if no or low interest is charged.