Shareholder loans and their corresponding tax implications can be a complex topic for many incorporated business owners but understanding the facts is essential when considering shareholder loans. For example, it would be important to know that if you are a shareholder of a corporation or ‘connected” with a shareholder of a corporation and you withdraw funds from that corporation, you may be required to include the entire amount of this loan in your personal income under the “Shareholder Loans” provisions of the Act.