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salary-or-dividends
Many business owners ask:
"Should I pay myself a salary or take dividends?"
The reality is that there is no universal answer.
What works for one business owner may create unnecessary taxes or missed planning opportunities for another.
Our new white paper explores:
• How salary and dividends are taxed
• The impact on CPP and RRSPs
• Cash flow and corporate tax considerations
• Common misconceptions business owners have
• Strategies to support both short-term needs and long-term goals
If you're an incorporated business owner looking to optimize your compensation strategy, this guide provides practical insights to help you make a more informed decision.
"Should I pay myself a salary or take dividends?"
The reality is that there is no universal answer.
What works for one business owner may create unnecessary taxes or missed planning opportunities for another.
Our new white paper explores:
• How salary and dividends are taxed
• The impact on CPP and RRSPs
• Cash flow and corporate tax considerations
• Common misconceptions business owners have
• Strategies to support both short-term needs and long-term goals
If you're an incorporated business owner looking to optimize your compensation strategy, this guide provides practical insights to help you make a more informed decision.
Opinion: 3 ways Canadians can take control of their finances in an age of economic uncertainty
Feeling financially stuck? Here are some research-based tools and mental habits that can help you build financial stability in these uncertain times.
Inflation rate rose slightly to 1.9% in June as vehicle and clothing prices climb | RCI
This comes after Statistics Canada said the pace of inflation held steady in May at 1.7 per cent.
Five Mistakes to Avoid in Your First Year of Retirement
Retirement brings the freedom to choose how to spend your money and time. But choices made in the initial rush of excitement could create problems in future.
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We are contracted with Sun Life Financial Distributors (Canada) Inc., a member of the Sunlife group of companies. Mutual funds distributed by Sun Life Financial Investment Services (Canada) Inc.