Topic: Repayments

Pensive woman in black hat overlooking water at the beach on a gray day; highlighting corporation loans

Intercompany Loans and the CRA

By , On , In Corporate Accounting

If an individual owns multiple corporations, he or she will commonly transfer money from one corporation to the other. If one business makes more money, then it will loan funds to another corporation that could use the money. Intercompany loans…

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