Posts Tagged ‘dividends’
Reducing Taxes Through Dividend-Salary Mix Calculations
by J. Stephen Pope
Should I take wages or dividends from my privately owned corporation? What is the best way of taking money out of my company? In other words, what will result in the least amount of income taxes?
A Canadian accountant will perform a dividend-salary mix calculation to determine the best way of withdrawing money from the corporation.
Even though Canadian income tax laws are different from other jurisdictions, some of the same principles of tax planning will still apply. Read the rest of this entry »
