Salary or Dividends? It's Not Just About Tax

One of the most common questions I get from incorporated business owners is whether to take a salary or dividends. But that's not quite the right question. The right question is: what's the best compensation strategy for your business and your circumstances? In this episode I walk through all the factors you need to consider to make that decision well.

In this episode:

• Why the salary vs dividends question is more nuanced than most people think
• Cash flow and stability — salary vs dividend differences
• Tax installments and timing
• RRSP contribution room and why it matters
• CPP and QPP — the forced retirement savings argument
• How your corporate strategy affects your compensation choice
• Personal financial  ...