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Old 11-15-2012, 09:10 PM   #19
Blackedout95
5th Gear Member
 
Join Date: Feb 2009
Location: Canada
Posts: 1,101
Quote:
Originally Posted by sirex View Post
someone that knows what they are talking about.. thanks for backing me up. I didn't want to write out all the details.


e.g. if you pay your self a salary, the corp STILL PAYS TAXES lol. but your marginal rate at $80,000 is much higher than having a dividend of $80K
No doubt about it, if you can deal with the cpp factor, it is well worth it!

As a side bonus I do not have to open a payroll account and all that BS. It is not needed when taking a dividend.
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