Quote:
Originally Posted by squiggs96
There are so many things between this post and your original one that you need to talk with an accountant that goes over this stuff with you. Dividends can be the way to take money out of the corporation, but if you're doing it personally and are the only shareholder, it usually doesn't make the most sense.
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I've done some simulations for clients having about $100K after tax profit. And it really doesn't matter much whether it is dividend or salary from a income tax perspective. Integration is at work here.
Other factors, like CPP, EI and RRSP room are more important in this kind of situation.