Salary, Dividends, Due to/from shareholder, Draw - What form of income should I take out?
Which is which?
Which is better?
One thing for sure, don't go for dividends unless you know what is going on.
Most business owners debate about taking salary, dividends, draw and so on.
In this episode, we talk about how much money to draw at a minimum in a form of salary
What to watch our for making draws from the company and section 15 of Income Tax Act (ITA)
Also what is your plan, do you plan to count on Canada Pension Plan?
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