Using Corporate Policy Personally

But in general, broad terms, you know, I look at a drawing, you have a line, a horizontal line, and above the line is the corporate realm, and below the line is the personal level. Anytime money transfers from above the line to below the line, the tax man in today's situation, I would say Uncle Trudeau, wants to get their hands on some of it. There are some ways where you may be temporarily be able to move money across this line, but you then have to move it back across the line to minimize or avoid a taxable event if you're going to do that. So, like shareholder loans. If I'm a shareholder of my corporation, I can take a loan as the shareholder, and in fact, as a shareholder, I can lend money to the corporation as well. So often through a balancing act of some of that is maybe where people will see some potential to use that corporate policy at the personal realm. But you have to be very mindful and have a good discussion with your accountant about timelines, timeframes, and getting really clear on the repayment model.