The Shareholder Loan Note is commonly used in Canadian businesses when shareholders provide debt financing to their company as an alternative to equity investment or third-party lending. This document is essential for properly documenting the debt obligation and ensuring compliance with Canadian tax and corporate laws. It typically includes detailed terms about the loan amount, interest rate (which must comply with prescribed rates under the Income Tax Act), repayment schedule, and any security arrangements. The document becomes particularly important for tax purposes, as the Canada Revenue Agency scrutinizes shareholder loans to ensure they are genuine debt arrangements rather than disguised dividends. The Shareholder Loan Note should be drafted to include all necessary corporate authorizations and may need to address subordination to other corporate debt or include conversion rights.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Lender (Shareholder) and Borrower (Company)
2. Background: Context of the loan, including the shareholder's relationship with the company and purpose of the loan
3. Definitions: Key terms used throughout the document
4. Loan Amount and Purpose: Specification of the principal amount and intended use of funds
5. Interest: Interest rate, calculation method, and payment frequency
6. Repayment Terms: Schedule of repayment, including maturity date and any installment provisions
7. Representations and Warranties: Standard corporate representations and specific confirmations regarding the loan's compliance with corporate and tax laws
8. Events of Default: Circumstances constituting default and consequences
9. Notices: Communication requirements and contact details
10. Governing Law: Specification of Canadian law and jurisdiction
1. Security: Include when the loan is secured against company assets
2. Subordination: Include when the loan needs to be subordinated to other company debt
3. Conversion Rights: Include if the loan can be converted to equity
4. Tax Provisions: Include detailed tax treatment when the loan has specific tax implications
5. Multiple Lenders: Include when multiple shareholders are providing loans
6. Prepayment: Include when early repayment is permitted with specific terms
7. Board Approval: Include when specific corporate governance requirements need to be documented
1. Repayment Schedule: Detailed schedule of repayment dates and amounts
2. Form of Draw Down Notice: Template for requesting loan disbursements if multiple draws are permitted
3. Corporate Authorizations: Copies of relevant board resolutions and shareholder approvals
4. Security Documents: Details of any security or charges if the loan is secured
5. Tax Calculations: Schedule showing prescribed interest rate calculations for tax purposes
Authors
Relevant legal definitions
Clauses
Relevant Industries
Technology
Manufacturing
Real Estate
Professional Services
Retail
Healthcare
Energy
Mining
Agriculture
Construction
Financial Services
Transportation
Media and Entertainment
Relevant Teams
Legal
Finance
Treasury
Tax
Corporate Governance
Compliance
Corporate Secretariat
Investment Relations
Executive Leadership
Relevant Roles
Chief Financial Officer
Finance Director
Corporate Secretary
General Counsel
Legal Counsel
Tax Director
Financial Controller
Treasury Manager
Company Director
Corporate Governance Officer
Compliance Officer
Investment Manager
Shareholder Relations Manager
Find the exact document you need
Loan Agreement With Co Maker
A Canadian-law governed loan agreement establishing terms between a lender, borrower, and co-maker, with shared repayment responsibility.
find out more
Family Loan Contract
A Canadian legal agreement formalizing monetary loans between family members, establishing terms, conditions, and repayment obligations while complying with federal and provincial laws.
find out more
Take Over Car Loan Payments Contract
A Canadian legal agreement facilitating the transfer of car loan payment obligations from an original borrower to a new borrower, outlining terms and protecting all parties' interests.
find out more
Repayment Of Debt Agreement
A Canadian-law governed agreement establishing formal terms for debt repayment, including payment schedule, interest rates, and default provisions.
find out more
Private Lending Agreement
A Canadian-law governed agreement establishing terms and conditions for a private loan between parties, including loan amount, interest, repayment terms, and security arrangements.
find out more
Pre Contract Agreement Car (Finance)
A Canadian jurisdiction preliminary agreement outlining terms and conditions for potential vehicle financing, serving as a precursor to the final finance contract.
find out more
Cellphone Loan Agreement
A Canadian-law governed agreement establishing terms and conditions for mobile device loans, including usage rights, responsibilities, and return requirements.
find out more
Car Payment Agreement Form
A Canadian legal document establishing terms and conditions for vehicle payment arrangements, including purchase details, payment schedules, and party obligations.
find out more
Agreement Between Co Signer And Borrower
A Canadian legal agreement defining the relationship and obligations between a co-signer and borrower for a loan guarantee, governed by federal and provincial laws.
find out more
Friendship Loan Agreement
A Canadian legal document formalizing a loan agreement between friends, establishing clear terms while complying with federal and provincial lending laws.
find out more
Syndicated Facility Agreement
Canadian law-governed agreement establishing terms for a syndicated loan facility provided by multiple lenders to a borrower, including loan terms, parties' rights, and obligations.
find out more
Private Loan Agreement For (Real Estate)
A Canadian-law governed agreement establishing terms and conditions for a private loan secured by real estate property, including loan terms, security arrangements, and party obligations.
find out more
Peer To Peer Lending Agreement
A Canadian-law governed agreement establishing terms and conditions for direct lending between private individuals, including loan terms, interest rates, and mutual obligations.
find out more
Revolving Credit Contract
A Canadian law-governed agreement establishing a revolving credit facility that allows for multiple draw-downs and repayments up to a specified credit limit.
find out more
Family Member Promissory Note
A Canadian legal document formalizing loan agreements between family members, establishing terms, conditions, and repayment obligations in compliance with federal and provincial regulations.
find out more
Vendor Finance Loan Agreement
Canadian-law governed agreement establishing terms for vendor-provided financing for goods or equipment purchase, including loan terms, security, and enforcement provisions.
find out more
Fixed Sum Loan Agreement Early Settlement
Canadian-law governed fixed-sum loan agreement with early settlement provisions, compliant with federal and provincial lending regulations.
find out more
Employee Loan Agreement Interest
A Canadian-law governed agreement establishing terms for an employer-provided loan to an employee, including interest rates, repayment terms, and compliance with relevant regulations.
find out more
Acknowledgement Of Debt Agreement
A Canadian legal document formally acknowledging a debt obligation and establishing repayment terms, governed by federal and provincial laws.
find out more
Construction Loan Contract
A legal agreement governing construction project financing in Canada, outlining loan terms, construction requirements, and compliance with federal and provincial regulations.
find out more
Demand Loan
A Canadian jurisdiction agreement establishing terms for a loan that can be called for repayment at any time by the lender, including amount, interest, and parties' obligations.
find out more
Home Equity Loan Agreement
A Canadian-law governed agreement establishing terms for borrowing against home equity, detailing loan conditions, security arrangements, and compliance with federal and provincial regulations.
find out more
Inter Lender Agreement
A Canadian-law governed agreement establishing priorities and relationships between multiple lenders providing financing to the same borrower.
find out more
Overagreement
Canadian master agreement establishing framework terms for ongoing business relationships and subsequent agreements.
find out more
Facility Letter Mortgage
A Canadian legal document combining credit facility terms with mortgage security requirements, setting out the conditions for property-secured lending under Canadian federal and provincial regulations.
find out more
Credit Terms Agreement
A Canadian-law governed agreement establishing credit terms between parties, including credit limits, interest rates, and payment conditions in compliance with federal and provincial regulations.
find out more
Assignment Of Loan Agreement
A Canadian legal document transferring loan rights and obligations from one lender to another, compliant with federal and provincial regulations.
find out more
Agreement Between Two Persons For Money
A Canadian-law governed agreement documenting a monetary loan between two individuals, establishing loan terms, repayment conditions, and legal obligations.
find out more
Subordinated Loan Agreement
A Canadian-law governed agreement establishing terms for a subordinated loan and its ranking below senior debt obligations.
find out more
Work Loan Agreement
A Canadian legal agreement establishing terms for an employer-provided loan to an employee, including repayment terms and employment relationship considerations.
find out more
Peer To Peer Lending Contract
A Canadian-law governed agreement establishing terms and conditions for direct lending between private individuals, including loan terms, obligations, and regulatory compliance requirements.
find out more
Letter To Borrow Money From Friend
A Canadian-compliant formal letter documenting a personal loan agreement between friends, establishing loan terms while maintaining legal validity under Canadian law.
find out more
Student Loan Agreement
A Canadian-law governed agreement establishing terms and conditions for student financial assistance, compliant with federal and provincial student loan regulations.
find out more
Simple Loan Application Form
A Canadian-compliant loan application form for collecting borrower information and required disclosures under federal and provincial lending regulations.
find out more
Private Lending Term Sheet
A Canadian-compliant document outlining key terms and conditions for a private lending arrangement, serving as the foundation for a final loan agreement.
find out more
Personal Loan Receipt
A Canadian-compliant document acknowledging receipt of a personal loan, specifying loan amount, terms, and parties' obligations.
find out more
Payday Loan Contract
Canadian payday loan agreement template compliant with federal and provincial regulations, governing short-term consumer loans with mandatory disclosures and protections.
find out more
Loan Note
A Canadian-law governed financial instrument documenting loan terms, repayment obligations, and security arrangements between lender and borrower.
find out more
Investment Loan Contract
A Canadian-law governed agreement establishing terms for an investment-purposed loan, including loan terms, investment parameters, and regulatory compliance requirements.
find out more
Facility Agreement
A Canadian law-governed agreement establishing terms for providing credit facilities, including loan terms, security arrangements, and compliance with Canadian banking regulations.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)