Salary vs Dividends

One of the most common questions that I get asked by entrepreneurs who are shareholders in a corporation is whether they should pay themselves a Salary or Dividends. The answer depends on a number of factors include the business owner's own personal financial situation, the corporation's predicted income level, the amount of RRSP room available to the business owner, and other personal income tax deductions. Therefore, the purpose of this blog post is to provide a general overview of the topic of Salary vs Dividends, so that you are able to have an informed year-end conversation with a professional accountant. Paying yourself a Salary When you choose to pay yourself a salary from your corp

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Lift Accounting is the operating name for Jordan N. Brown, CPA, Prof. Corp.

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