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This report by Jamie Golombek examines why it may make more sense for some business owners to save money inside their corporations rather than paying themselves a salary merely to create RRSP contribution room. In many cases, dividends may be more tax favourable than salary.

Jamie looks at both the tax savings advantage of dividends over salary and the tax deferral advantage of leaving funds inside the company vs. paying them out immediately. Click here to read the report.

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Philip Hogan

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The information contained in this article is for general use only and should not be viewed as professional advice. Accounting and tax rules and regulations regularly change and individuals should contact a competent professional to obtain accounting and tax advice based on their specific situation.

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