One of the first big planning questions corporation owners face is: Should I pay myself salary or dividends? It sounds simple. It is not. And anyone who gives you a one-size-fits-all answer is probably skipping over the parts that matter. Salary and dividends are both ways to get money out of your corporation, but they […]
Salary vs. Dividends in Canada: What Corporation Owners Should Know Read More »
One of the biggest questions corporation owners eventually face is simple: Should I withdraw the money, or invest it in the corporation? It sounds like an investment question. It usually is not. It is really a planning question. Because before you decide what to invest in, you need to know where the money should live,
Should You Invest Inside Your Corporation? Read More »
Before You Incorporate, Understand What a Corporation Actually Does A lot of business owners are told they should incorporate. Sometimes that advice is right. Sometimes it is rushed. And sometimes it is given without anyone explaining what a corporation actually is. So let’s start there. A corporation is not simply “a business.” A corporation is
What Is a Corporation? A Guide for Canadian Business Owners Read More »
