In addition to his $2400 fee, and various tax amounts still to be calculated, he observed that I currently owe the business $6000. He added that CRA requires I have a plan in place to repay this amount (to myself) by December 31, 2010.
The money needs to be transferred from the personal line of credit into the non-interest bearing corporate account, where it should stay until the next annual review of the business. Both accounts are in my name alone, and I am the sole director of the corporation.
Update, December 2:
Just plain silly. I'm declaring that I've taken a $6000 dividend instead.
