If you run an incorporated medical practice, how you pay yourself is one of the most consequential tax decisions you make each year … yet most physicians never model it properly.
This post breaks down the four main ways to withdraw money from your professional corporation - salary, dividends, capital dividends, and shareholder loans - and explains when each one makes sense.
In this in-depth blog post we cover:
Salary: how it works, CPP, RRSP room, and predictability
Dividends: eligible vs non-eligible
Capital dividends: what CDA is and why it’s powerful
Shareholder loans: when they work, the one-year rule, and the risks
Common physician mistakes (RDTOH, investing inside the corp, and more)
A comparison table you can actually use
…and more!
Let’s dive in!
Power to you,
Think Team 🙏
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