Best tax savings options for high earning spouse.

Hi, Can you tell us about options for high earning spouse ?? Thanks Anu

Cash withdrawal

Hi Alan, I have a ccpc corporation which is dissolved. There are 2 50/50 shareholders on it which own equal C/S. We have $12,000 cash in the corporate bank account. How can we withdraw it from the company? Would a t5 non elig dividend have to be issued out? How would it be reported on … Continue reading Cash withdrawal

Small business (CCPC) shareholder restructuring/shares transfer

Hi Allan, I hope you are doing well. Your youTube videos and website content are really awesome. Much appreciated. I have an incorporated small business (CCPC). I own 55% of the shares and the rest of the ownership is split equally between my wife and my parents (15 % each). As my parents are aging … Continue reading Small business (CCPC) shareholder restructuring/shares transfer

Can I pay my spouse a salary for 2020?

Hi, I am self-employed in construction and I read your article on How to save tax – paragraph Pay salary to family members. 1. I just made a report for 2020 and I think I earned $ 150,000.00. My spouse did not work for most of the year. She got employed in December 2020 at … Continue reading Can I pay my spouse a salary for 2020?

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