dividend tax credit

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Salary vs. Dividends: How Incorporated Business Owners Should Pay Themselves

If you own a Canadian corporation, one decision comes back around every single year: how do you actually get money out of the company and into your own hands? Salary? Dividends? Some mix of both? It’s the question I’m asked more than any other by incorporated clients, and it’s also the one most often answered […]
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How Your Investment Income Is Taxed in Canada: Dividends, Capital Gains, Interest — and the Foreign Property Form You Can’t Ignore

One of the most common misconceptions I encounter as a CPA is the belief that “income is income” when it comes to tax. In reality, how your investment dollars are earned matters enormously. A dollar of interest, a dollar of eligible dividends, and a dollar of capital gain are each taxed in a meaningfully different way — […]
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