Originally Posted by sirex
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.