Salary vs Dividend – Tax Planning Post 2024 Federal Budget
For CCPCs who have managed to survive and thrive the last 8 years of tax punishment and Covid disruptions, what to do after the 2024 proposed tax rules changes? Dividends vs Payroll Prior to 2016, remuneration to shareholders using dividends was the more tax advantageous option. Dividends did not require CPP premiums to be paid by the employer and the