Oct 7th, 2008, 17:14 | #1 |
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注册日期: Jul 2004
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can I lend my corporation money to myslef or my family member with 5/10 years term at low or 0 interest rate?
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Oct 7th, 2008, 17:33 | #2 |
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注册日期: Jul 2004
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Thanks for the response. Coz my following question is: Can my corporation claim this debt to be a bad debt in the future as the business loss. So that myslef or my family member don't have to pay back to my corporation? In the meantime, as individules, myself or my family members don't have any hurt on the credit scores? On the other around, does individule pay the personal income tax for the private Loan? |
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Oct 7th, 2008, 18:27 | #3 |
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注册日期: Jul 2004
帖子: 526
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I think my corporation should pay the Corporation tax for the interest income. I found out the individual has to pay personal income T4 for the loan as a personal income. Since the loan is not a right way to avoid the personal income, the loan won't be a right way to convert corporation money to personal money. |
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