Business owners make a multitude of decisions that may have significant implications on their taxes - especially when it comes to compensating from an incorporated business. One of these decisions is about whether business owners should pay themselves using a salary, dividends, or a combination of the two.
In this session, attendees will learn:
• Strategies that are available to pay a business owner - business salary or dividend.
• The advantages and disadvantages of paying a business owner either a salary or dividend.
• Explore the possibility of combined payment for both salary and dividend
• Corporate and personal tax effects of paying dividends versus salaries.