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.
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,” particularly if paying less tax is the ultimate objective – which is almost always the case.
Topics covered include: • Corporate tax attributes relevant for compensation decisions • Impact of tax rates and integration • Planning considerations and fundamental strategies • Comprehensive case study
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.
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