As a business owner, you can choose to receive income from your business as a salary or dividends.

You should carefully analyze your particular situation in order to determine an ideal mix of dividends and salary that’s best for you in 2022. This depends on many factors, including:

  • Your current and future cash flow needs
  • You desired income level
  • Whether the tax on split income (TOSI) rules affect you and your family
  • The corporation’s income level
  • Payroll taxes on salary

We can help:

Year end planning is important and your tax experts at SJ Chartered Accountants can help you determine which steps you & your business can take before the end of the year.

CLICK HERE to set up a meeting.

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We are a CPA – Chartered Professional Accountant firm offering variety of services including Accounting, Personal and Corporate Taxes, Incorporation, Real Estate Taxes, Audits and Business Consultations.