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Share holder loan to pay off mortgage?
Share holder loan to pay off mortgage? Hey all, Just preface by saying I’m in Canada. In 4 years time I (should) have enough in my Corp acct to pay off my mortgage (renews in 4 years). If rates stay high I would like to just pay it off at that time. An accountant advised me to use a shareholder loan, pay off the mortgage and then use a HELOC to pay back the shareholder loan. Then...
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