My husband and I started a business in June of 2017. We are both partners in the business, however I contributed over $15 000 to start the business, of my personal money. Where do I enter this on the T2125 form? The business did okay for the first year, but did not pay back any of the money I contributed. The money was used to purchase a truck, equipment etc, which we listed on the T2125 as assets.
Please let me know if I can include the $15 000 somewhere as a claim against the business- I'm not charging interest, rather a good faith loan to the business:)
Yes line 9933.
Please note: this will not make any difference to your tax return, this is more or less for your own record keeping.
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