dividende or salary

Question

2151 viewsMarch 12, 2018Business Tax

0

Anonymous Posted March 9, 2018

I own a small business, what would be profitable, get a salary or write myself a dividend.
if it’s a dividend whats the maximum.
Thank you

1 Answer

score 0 · Answer 1 · 2018-03-12T19:30:07+00:00

Hi, pay yourself a dividend to avoid the headache of payroll taxes and to avoid paying Canada Pension Plan premiums. The tax free amount is $35,000 / year, providing that you have no other source of personal income.

dividende or salary

1 Answer

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