Curated
The CRA Issues A New 'Income Tax Folio' On How Shareholder Loans And Debts Are Treated
In April 2025, the Canada Revenue Agency (CRA) issued the Income Tax Folio S3-F1-C1, Shareholder Loans and Debts, which can be relied upon as the accurate summary of the CRA's interpretation regarding subsection 15(2) of the Income Tax Act (ITA) and its related provisions.
Rotfleisch & Samulovitch P.C.