Corporate Taxes and Share Holder Loan CRA / Book Keeping

[masterburn]

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 then has no sales for the year only prepaid sales. How does CRA view that ?

[joeg]

What are trying to avoid?

So Company A loans you $50k
You take that $50k and repay your corp share loan.
You owe Company A $50k from before
So now you owe them $100k.

CRA will not care about you. They will care about Company A not charging you interest.