Salary and dividends are two different forms of compensation that business owners can receive from their companies. The main distinctions between salary and dividends lie in their nature, tax treatment, and how they are distributed. Salary: Definition: A salary is a fixed regular payment made by an employer to an employee, typically on a monthly […]
The ability of your spouse to receive a salary or dividends from your corporation depends on various factors, including the legal and tax regulations in your jurisdiction, the structure of your business, and the roles and responsibilities of your spouse within the company. Here are some general considerations: Legal Structure: If your business is a […]
In Canada, both salaries and dividends are forms of compensation that business owners or shareholders can receive from a corporation. However, there are several key differences between salaries and dividends in terms of taxation, legal implications, and financial considerations. Here are some of the main differences: 1. Tax Treatment: 2. Deductibility for the Corporation: 3. […]
Clinton Tano Professional Corporation
