here's the situation.
Im running a side business(besides my full time job), and Im incorporated with my Mom who is a senior(we're all 50% directors). She doesn't have income in Canada. Her pension from China is less than $4000/year.
I'm not going to take any money from this incorporate, so I was thinking after all the business expenses if she could take out $50k a year as a dividend without having to pay tax.
Im running a side business(besides my full time job), and Im incorporated with my Mom who is a senior(we're all 50% directors). She doesn't have income in Canada. Her pension from China is less than $4000/year.
I'm not going to take any money from this incorporate, so I was thinking after all the business expenses if she could take out $50k a year as a dividend without having to pay tax.