Conclusion. As the foregoing indicates, lenders and borrowers interested in structuring a cross-border loan with a Canadian nexus should be aware of the unique Canadian legal issues that may impact their transaction. Osler's professionals are experienced in advising clients concerning cross-border lending.. After collection, the factoring company pays your business the remaining balance minus the factoring fees. Factor fees typically range from 0.50% to 5% for each month an invoice remains unpaid.
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Earn an extra 10% back* (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months. Apply by April 30th.. Download the latest edition of The Checkup. There is a misconception that when a shareholder borrows money from their corporation, the loan can remain outstanding indefinitely without any income tax consequences. This is generally not the case, unfortunately; however, there are various tax-efficient ways to repay or offset the loan.
