Shareholder Loan Repayment Tracker

Miss the repayment deadline on a loan from your own corporation, and the entire amount gets added to your personal income, not just the part still outstanding.

Reading This Tool

How To Use This Calculator

Enter the loan amount, how soon your current fiscal year ends, and what interest you're actually charging on it.

Section 15(2) gives you until the end of the fiscal year following the one the loan was made in, not just one year. Miss that window and the full original amount lands in your income in the year you received it. Below prescribed rate interest creates a smaller, ongoing taxable benefit in the meantime.

Your Inputs

Shareholder Loan Amount $50,000

Months Until The Current Fiscal Year Ends 4 mo

Interest Rate Actually Charged On The Loan 0.0%

The current CRA prescribed rate for shareholder and employee loans is 3%. Charging at or above this rate, and actually paying that interest by January 30 of the following year, avoids the taxable benefit entirely.

Repayment Deadline

Months Remaining To Repay Safely

0 months

Full Income Inclusion If Missed

Annual Taxable Benefit, If Any

The Repayment Window

Assumes this is a genuine one-time loan, not part of a recurring series of loans and repayments, which has its own separate anti-avoidance rule regardless of timing. Certain loans, such as those to buy a home or newly-issued shares under specific conditions, have different treatment not modeled here.

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