This advanced session will look at additional considerations of greater complexity relevant to paying compensation to a shareholder.
How do I pay myself out of my corporation?
This question is asked by clients of accountants every year, particularly in January and February as annual filings and slips are prepared. The short answer is: it depends! It’s all in the “details,” especially if paying less tax is the ultimate objective – which is almost always the case.
Further to an initial session that focused on the “fundamentals” of shareholder compensation, this advanced session will look at additional considerations of greater complexity relevant to paying compensation to a shareholder.
Topics covered include:
Important note from the author: This course is a continuation of the course entitled “Tax-Efficient Shareholder Compensation – The Fundamentals” by Alex Garber. It is strongly recommended to take that course first, and this course second. Various content (including a case study) introduced in the initial course is further examined in this course.
Educator and Tax Advisor
Alex Garber, CPA, CA, MTax has been working in public accounting since 2004, focusing primarily on income taxation for Canadian owner-managed businesses and their shareholders. Alex presents PD seminars for CPA Ontario and facilitates at the CPA Canada In-Depth Tax Program. Alex is also a faculty member at the Schulich School of Business, York University, where he teaches income taxation at both undergraduate and master's levels. Alex started his career with Deloitte and Touche LLP in Toronto. He is currently an independent tax advisor, assisting various clients, sole-practitioners and CPA firms in Ontario.
