Salary or Dividends – Compensation Strategy for Incorporated Business Owners

Are you an incorporated business owner wondering whether you should pay yourself a salary or dividends? It is not a simple straightforward question and there is no one-size-fits-all answer to it. Due to the introduction of eligible and non-eligible dividends and the changes of the gross-up and dividend tax credits in the past few years, the simple rules of thumb that used to work in the past do not apply anymore. You should consider the...