5 ms·
That sounds interesting. What are the tax implications of such a setup?
by sovietmudkipz 8y ago
That sounds interesting. What are the tax implications of such a setup?
- momirlan 8y agoIt's a common setup in Canada. I paid corporation tax once for money left over in the company account, but that is just cost of doing business for me. Once I have the 6 months of salaries, I just roll it over year over year with no more tax to pay. Salary is taxed as regular income.