Understanding CRA Rules for Corporate Withdrawals in Canada

Business owner reviewing corporate finances to understand CRA rules and tax implications of taking money out of a Canadian corporation.

If you’re running a corporation in Canada, it’s essential to keep track of every dollar that flows from your business to your personal account. Each transfer needs to be properly categorized, whether it’s a loan, salary, dividend, or return of capital, as they all come with their own tax implications and documentation needs. I’ve encountered […]