Your Money - How to pay yourself from your corporation
This teaches you the complex situation about how you pay yourself from your company.
It can be SUPER confusing about how you take your money out of your company. All the while, you just know the tax man is coming to get you. The problem is that you don't know the rules, so you don't even know what game you are playing.
Yes, this is a very confusing area, for sure.
This video gives you all the background and what the rules are of the game. We explain why it isn't the same answer for everyone. You will be equipped with enough knowledge that you may be able to decide how to pay yourself. At the very least, you will have many good questions to ask your accountant.
Note that this video is part of the ESchool, so sometimes it refers to other modules in the class. We would expect that you would know some terminology already by taking these other modules.
Also note that this was done in 2017. The tax % rates have changed, but the concepts and process has not changed and remains the same in 2019.