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canada_hdk21 · 01-22-2019, 12:03 PM

Afternoon all,

just wondering if anyone has some friendly advice with having your own INC company, I am contracting myself out and plan to have no employees but can't seem to decide if I should pay myself via payroll, dividends or a bit of both.

So far I am thinking I pay myself the min through payroll and max out CPP. In 2019 to max out for CPP is 56K ish .. and then take out dividends as i see fit.

I do have an accountant but she has said "i can't tell you what to do only show you your options"

Thought maybe some of you might have some advice in this area of things.

Regards!!!

01-22-2019, 12:03 PM	#1
canada_hdk21 Backup Goalie Join Date: Mar 2010 Exp:	Payroll or Dividends ?? Afternoon all, just wondering if anyone has some friendly advice with having your own INC company, I am contracting myself out and plan to have no employees but can't seem to decide if I should pay myself via payroll, dividends or a bit of both. So far I am thinking I pay myself the min through payroll and max out CPP. In 2019 to max out for CPP is 56K ish .. and then take out dividends as i see fit. I do have an accountant but she has said "i can't tell you what to do only show you your options" Thought maybe some of you might have some advice in this area of things. Regards!!!