[Verse 1] When shareholders receive something more than dividend cash Section fifteen brings the tax, no way to make it pass Cars and homes and interest-free, benefits they take Add it to their income stream, no escape they'll make [Chorus] Section fifteen, fifteen two Shareholder benefits coming through Deemed benefit, imputed rate Calculate before it's too late Bona fide arrangements save the day But prove legitimate or you'll pay [Verse 2] Shareholder loans without a plan trigger the alarm Two years to repay or face the taxman's firm arm If you can't pay back in time, income it becomes Add it to your T-one slip, see how quickly it sums [Chorus] Section fifteen, fifteen two Shareholder benefits coming through Deemed benefit, imputed rate Calculate before it's too late Bona fide arrangements save the day But prove legitimate or you'll pay [Bridge] Prescribed rate interest must be charged Or CRA will make your bill enlarged Business purpose saves you from the trap Document everything, close the gap Fair market value is the test Anything below fails the rest [Verse 3] Housing benefit, personal use Company assets you abuse Calculate the standby charge Personal portion looms large Every benefit has its price Tax inclusion, roll the dice [Chorus] Section fifteen, fifteen two Shareholder benefits coming through Deemed benefit, imputed rate Calculate before it's too late Bona fide arrangements save the day But prove legitimate or you'll pay [Outro] When shareholder and company mix Know the rules or face the fix Section fifteen keeps it clear Benefits cost you every year
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