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This is actually for my mom...

saturday2k(saturday2k)

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.

(#12368711@0)
Last Updated: 2019-10-3
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枫下家园 / 钱财税务 / 自己注册的公司，如果没有其他主要收入，可以从中取出$51,474 dividend tax free? -saturday2k(saturday2k); 2019-10-3 (#12366693@0)

The money has to come from somewhere first before you can dip into it. It is from your company's net profit after corporate tax. -2841999(四友); 2019-10-3 {234} (#12367615@0)
How much is the corporate tax? Depends. It can be from 15% for qualified small business to 25% for inactive business. To the extend, the money you take home as dividend is NOT tax free. You've already paid tax. There is no loop holes.

是的。tax saving 是个相对概念。相比较从自己公司领工资然后按个人税率来上税而言，divident 可能相对要好一些。但是如你所说，要想得到这个好处，就得放弃借开工资减税的好处，当然开工资就牵涉到CPP／EI等等不可避免的overhead，除非自己已经是senior。 -the_dumb_one(耷目无神); 2019-10-3 (#12367687@0) +1

This is actually for my mom... -saturday2k(saturday2k); 2019-10-3 {413} (#12368711@0)
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.

i think you have to pay dividend according to your shares, so you will have to pay yourself too -userid2018(RoliaCleanWithFilter); 2019-10-3 (#12368791@0)

Any other workarounds? Im already at a high margin rate from my fulltime job. -saturday2k(saturday2k); 2019-10-4 (#12369252@0)

如果有那样高的 revenue，不妨请一位专职的会计师咨询一下，他们给的建议可能更加准确。 -the_dumb_one(耷目无神); 2019-10-4 (#12369288@0)

能否分享一下如何选择一个适合我这种情况的会计师？ -saturday2k(saturday2k); 2019-10-5 (#12371103@0)

check your pm -the_dumb_one(耷目无神); 2019-10-5 (#12371109@0)

网上说免税分红额度是48000？ -blanc(no matter what); 2019-10-3 (#12367756@0)
文章中说的分红是指投资大企业的 "eligible Canadian dividends", 如果私人小企业，计算gross-up factor有所不同 -vicky2005(孩子她爹); 2019-10-4 (#12369456@0)
【借题请教：】这样分 dividend, 要按每个股东的 share 份额给每个人都分，还是专门给某特定“无其他收入”的人分？ -once01(一切都还没结束); 2019-10-6 (#12372322@0)

这是一个复杂的话题，不是普通人能解答的。 -2841999(四友); 2019-10-6 {354} (#12372532@0) +1
谁都知道，红利是公司的税后收入，一个家庭可以通过亲属之间的随意分配达到整个家庭的税率最优化。这种家庭税务优化的做法在过去是允许的。从2018年开始，税务局改规则了，对于各种 income split 的猫腻开始严加看管。原则上，夫妻之间平分，退休金的平分还相对宽松一点。家庭的其他成员之间，非退休金收入平分会从严。你真的需要找会计师解读新税法。第一年解读了，以后你就懂了。
when you set up your company, -ahh134(LoveBarbie); 2019-10-6 {338} (#12373064@0)
you can have different class of share holder e.g. Class A, Class B etc. in the same class (class A), you have to pay share holders same dividends amount, but for different class, you don't have to. therefore you can pay share holder in class B $50K dividends, but $0 for class A. This is what my account told me when I set up my company.

谢谢🙏刚开公司时候自己不知道，会计师也没有想到这个。看来要找会计师补改“公司章程”（？） -once01(一切都还没结束); 2019-10-7 (#12375041@0)

This is actually for my mom...

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