TAX QUESTIONS? YOU ASK LAH!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!


Q: If Company ABC take a business loan and lend it to a director, will there be any interest restriction?  

A: Yes, there will be an interest restriction because the loan is used for non-business purpose. 

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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