How to withdraw from Business account

Question

2141 viewsMarch 30, 2020

0

Jay (anonymous) Posted March 26, 2020

Hi,
My husband recently need to incorporate his IT consulting business.
How do I withdraw money from the business account to pay for our family expenses?

1 Answer

score 0 · Answer 1 · 2020-03-30T16:25:56+00:00

There are two options available: Pay a dividend OR pay a salary from your corporation to you. Either option is acceptable, and you can combine them too.

How to withdraw from Business account

1 Answer

Mississauga's Thought Leader

REQUEST A FREE CONSULTATION

Pin It on Pinterest