I formed a corporation, I am the only shareholder. Until the corp gets some money, most expenses (maybe 10-15k over the next 4-6 months) will be incurred by myself and allocated to a shareholder loan. Does the corp claim HST credits during this period even though the corp has not paid me back? Or can the corp not claim the HST credits until after the loan is repaid?
Statistics: Posted by DonkeyDoo — May 12th, 2020 1:31 pm