I own shares in my company. I took out a loan to purchase the shares of the company.
In order to claim the interest expense from the loan on my personal taxes, do I need to pay myself out dividends from the company? Or can I claim interest expense against the salary I pay myself through the company?
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- Tue Aug 22, 2017 4:17 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Claiming Interest Expense, do I need to pay dividends?
- Replies: 0
- Views: 3718