Published On Jul 13, 2020
We work with business owners across Canada and we're often asked about the difference between salary and dividends. If you own a business through a corporation, you have the ability to pay yourself a salary, dividends or a combination of the two.
We look at the difference between salary and dividends and the main advantages and disadvantages of each. Plus we go over our model (spoiler alert it's a bit of both) and why that works best for us.
Not everyone has the same business, financial, or lifestyle goals and there are a lot of moving pieces and things to consider. Luckily we like talking about this stuff, so give us a shout if you have any questions.
Connect
Website: https://www.avalonaccounting.ca/
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Instagram: / avaloncpa
LinkedIn: / aval. .
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🧑🏫 ONLINE COURSES
► Take your business to the next level with our online courses.
https://www.avalonaccounting.ca/courses
🖥️ LEARN MODERN BOOKKEEPING
► Learn to do your own bookkeeping with modern tools and our proven practices.
https://www.avalonaccounting.ca/cours...
📈 BOOKKEEPING AND TAX FOR FREELANCERS
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FAQs
What Can I Write-off? http://bit.ly/EXPENSESCAN
Should I incorporate my business in Canada? http://bit.ly/INCORPCAN
What is a shareholder loan? http://bit.ly/SHLOANCAN
When and How Should I Hire an Employee? http://bit.ly/hirelikeapro
Should I offer profit sharing? http://bit.ly/PROFITSHARECAN
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Check out some of our FREE guides:
Starting Your Business Guide:
https://joecollins.typeform.com/to/bc...
Business Owner’s Productivity Guide:
https://joecollins.typeform.com/to/zJ...
Financial Foundations Guide:
https://joecollins.typeform.com/to/jF...
1 Million Dollar Service Based Business Guide: https://joecollins.typeform.com/to/e2...
Manage Your Own Bookkeeping Course:
https://avalonacounting.thinkific.com...