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Ask Allan a Tax Question and he will respond to you with an answer to your question within 24 hours!
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
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.
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