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Anthony Layton MBA, CIM

Chairman & CEO, Portfolio Manager

Peter Guay MBA, CFA

Portfolio Manager
Contact
  • T514.875.7566 x 224
  • 1.800.875.7566
  • F514.875.9611
  • Place Alexis Nihon
  • 3400 de Maisonneuve Ouest,
    Suite 1501
  • Montreal, Quebec H3Z 3B8

Salary or Dividend: How should you pay yourself from your Professional Corporation

July 4, 2017 - 0 comments

Welcome back to “Do It Together” financial planning. My last video was the start of my new series on the whys and hows of incorporating your business and I talked about the advantages and disadvantages of incorporation. In this week’s video, I take you through a key question that comes up when you incorporate your business - should you pay yourself a salary or dividends?

There is a slight tax advantage of paying yourself a salary from your business but the decision isn’t that simple. I’ll take you through the reasons why to pay yourself by salary instead of dividends or to pay dividends instead of a salary. It comes down to where you are in life, and what you need to fund your lifestyle needs.

 

Check out today’s video and subscribe to my YouTube channel to learn more.

By: Peter Guay with 0 comments.
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