This advanced session will look at additional considerations of greater complexity relevant to paying compensation to a shareholder.
How do I pay myself out of my corporation?
This question is asked by clients of accountants every year, particularly in January and February as annual filings and slips are prepared. The short answer is: it depends! It’s all in the “details,” especially if paying less tax is the ultimate objective – which is almost always the case.
Further to an initial session that focused on the “fundamentals” of shareholder compensation, this advanced session will look at additional considerations of greater complexity relevant to paying compensation to a shareholder.
Topics covered include:
Important note from the author: This course is a continuation of the course entitled “Tax-Efficient Shareholder Compensation – The Fundamentals” by Alex Garber. It is strongly recommended to take that course first, and this course second. Various content (including a case study) introduced in the initial course is further examined in this course.
Educator and Tax Advisor
Alex Garber, CPA, CA, MTax has been working in public accounting since 2004, focusing primarily on income taxation for Canadian owner-managed businesses and their shareholders. Alex presents PD seminars for CPA Ontario and facilitates at the CPA Canada In-Depth Tax Program. Alex is also a faculty member at the Schulich School of Business, York University, where he teaches income taxation at both undergraduate and master's levels. Alex started his career with Deloitte and Touche LLP in Toronto. He is currently an independent tax advisor, assisting various clients, sole-practitioners and CPA firms in Ontario.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
