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Old 11-15-2012, 10:44 PM   #22
sirex
King Sirex
 
Join Date: Aug 2002
Location: Toronto
Posts: 9,850
Quote:
Originally Posted by T.Dot_E30 View Post
Stop making up facts and aggregating the truth. CPP is still deducted from your personal income tax, assuming you are claiming the dividends as income otherwise your committing tax fraud. Dividends are after tax dollars from the corporation, meaning they are already taxed albeit at a lower corporate take rate, when you then add in that it is taxed again as your personal income, it starts to equal out.

I'm not saying there is no benefit, I'm saying it isn't as much as you are making it out to be. If the corporation is making lots of money then yes, if it's making pennies or an average salary, then not so much.

Read this from a more creditable source.



http://www.mnp.ca/en/media-centre/bl...-right-for-you
Do you even know how dividend income is taxed?

And it's funny because your link proves you wrong.
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Last edited by sirex; 11-15-2012 at 10:46 PM.
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