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- Thu Sep 19, 2024 10:41 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Corporate Taxes and Share Holder Loan CRA / Book Keeping
- Replies: 1
- Views: 1718
Corporate Taxes and Share Holder Loan CRA / Book Keeping
what happens if a company A loans me 50k money to my personal account. I take the personal money leant to me I deposit 50k it into my business account to repay my share holder loan. However I owe Company A money for work they've done for me in the past and they invoice my company for 50k. My company...