What are some Salary vs. Dividend Worksheet usage scenarios?

Andrew Skujins -

The corporation has income subject to the General Rate and you are deciding whether or not to bonus down to the SBD limit:

  • Use this worksheet to determine whether paying a salary or a dividend will lead to the greatest tax savings to the client for income in excess of the SBD, and should withdrawing salary be more tax efficient than dividends, calculate the number of years to break even based on the corporate tax deferral


Your client informs you that they would like to withdraw cash from their corporation:

  • Use this worksheet to determine the most tax efficient method to extract funds from the corporation


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