问公司借钱买房可以吗?

Is it okay to ask the company to borrow money to buy a house?

I am my own boss and my company is rich, but I don’t want to pay high salaries and a lot of personal taxes. How can I borrow money to buy the house of my dreams?

The first way is to borrow money from the company to buy a self-occupied house. The company is equivalent to the lender for the house purchase, providing the loan. This operation method is recognized by the tax bureau. Shareholders and employees can borrow money from the company, but they have to pay back the money and pay a certain amount of interest. However, there are certain restrictions on the reasons for borrowing money: one is to borrow money to buy a self-occupied house; the other is to borrow money to invest or start other businesses. The second way is to buy a house directly under the name of the company. In this way, he can rent out the smaller house he currently lives in, report the rental income to personal tax, and rent the larger house bought by the company at market price to pay rent. It should be noted here that if you do not pay rent, you still have to pay personal tax, and there is a taxable benefit.

 

back to blog

GST/HST Housing Tax Rebate