Quote:
Originally Posted by I-Hate-Hulse
Would you need to withdraw the income earned from your "corporation" and pay it out as a salary? (Rather than holding it in the corporation) If so you'd lose much of the tax advantages from deferral of income, and much of the benefit of incorporating.
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That's the thing - this biz won't be my primary means of income - it will be a supplement to my regular job - and as such the income won't be a lot - but I likely would have to draw some of it.
Thanks for the responses.