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Deductly CA

Every Canadian grant, tax credit, and deduction your business qualifies for. In one ranked list.

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Deductions · 8 min

Every deduction Canadian small businesses miss

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8 grants every Canadian founder should know about

Deductions · 7 min

The Small Business Deduction, fully explained

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Deductly is a discovery tool, not a tax filer. Information is provided for educational purposes. Always confirm program details and eligibility with a qualified Canadian accountant before applying or claiming any benefit.

DeductlyCA
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DEDUCTIONAll of Canada

Shareholder Loan Interest Deduction

Last verified: June 2026

If you loan money to your corporation, the corporation can pay you tax-deductible interest. Used by owner-managers to extract cash tax-efficiently when properly structured.

See if I qualify
Estimated value
Variable: based on loan amount and rate
Approval likelihood
High
Ready to apply score
70/100
Documents needed
4

Eligibility

  • Business types:incorporated
  • Industries:All industries
  • Provinces:All of Canada

What you'll need

  • Written loan agreement at prescribed rate
  • Board resolution
  • T5 issued to shareholder
  • Interest tracking records

How to apply

  1. 1Document the loan formally with an accountant
  2. 2Use CRA prescribed rate as minimum
  3. 3Pay interest quarterly or annually
  4. 4Issue T5 and deduct interest corporately
Deadline:Set up before fiscal year end

Is your business a fit for Shareholder Loan Interest Deduction?

Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.

Check my eligibility

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A monthly digest

New programs, in your inbox.

We are in beta. Drop your email and we will write when the first digest is ready. Monthly cadence, easy unsubscribe.

Deductly CA

Every Canadian grant, tax credit, and deduction your business qualifies for. In one ranked list.

Start the assessment
Product
  • Eligibility quiz
  • All programs
  • Watch (live changes)
  • The funding journey
  • When to apply
  • Stackability map
  • Document checklist
  • Calculators
  • Tracker
  • Learn
  • Pricing
Resources
  • For accountants
  • Public API
  • RSS feed
  • What's new
  • Roadmap
  • Press
  • vs ChatGPT
  • vs Benefits Finder
By province
  • Ontario
  • British Columbia
  • Alberta
  • Quebec
  • Manitoba
  • Saskatchewan
By industry
  • Technology & Software
  • Manufacturing
  • Retail & E-commerce
  • Food & Beverage
  • Professional Services
  • Creative & Media
For
Women entrepreneursNewcomersIndigenous businessYouth foundersBlack entrepreneursFirst-hire employers
Recent guides
Deductions · 8 min

Every deduction Canadian small businesses miss

Grants · 10 min

8 grants every Canadian founder should know about

Deductions · 7 min

The Small Business Deduction, fully explained

© 2026 DeductlyPrivacyTermsAboutFrançaisContact
All systems operational

Deductly is a discovery tool, not a tax filer. Information is provided for educational purposes. Always confirm program details and eligibility with a qualified Canadian accountant before applying or claiming any benefit.