Canadian Wealth Secrets

Salary or Dividends? How Should I Pay Myself To Minimize My Tax Burden?

Kyle Pearce, Jon Orr Episode 66

Are you tired of paying more taxes than necessary when withdrawing money from your corporation?

As a business owner, effectively managing your finances and understanding the tax implications of withdrawing money from your corporation is crucial. Whether you're considering salary or dividend payments, or looking for ways to shelter money from taxes, this podcast episode is tailored to your needs.

Unlock the secrets to smarter financial decisions for your business – listen to this insightful episode now and start optimizing your corporate withdrawals!


What you’ll learn: 

  • Gain Insights on Tax-Efficient Withdrawals: Learn the intricacies of choosing between salaries and dividends, and how each affects your tax obligations.
  • Discover Wealth Retention Strategies: Understand how tools like permanent life insurance can help you shelter money from taxes and grow your wealth within the corporation.
  • Expert Guidance for Financial Planning: Benefit from the shared expertise of Kyle and Jon on creating a compliant, tax-minimized retirement plan that ensures financial safety and maximizes leverage.



Resources: 

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If you listen to podcasts like The Rational Reminder with Ben Felix & Cameron Passmore, The Canadian Investor, The Canadian Real Estate Investor, Build Wealth Canada with Kornel Szrejber, ChooseFI with Jonathan Mendonsa & Brad Barrett, Afford Anything with Paula Pant, The Ramsey Show with Dave Ramsey, BiggerPockets Money, The Money Guy Show with Brian Preston & Bo Hanson, Invest Like the Best with Patrick O’Shaughnessy, Masters in Business with Barry Ritholtz, The Wealthy Barber Podcast with David Chilton, Financial Audit with Caleb Hammer, In the Money with Amber Kanwar, The Loonie Hour with Steve Saretsky, or More Money Podcast with Jessica Moorhouse — we’re confident you’ll enjoy Canadian Wealth Secrets too.

Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.