Get the dividend and pay your house cash. No need of the mortgage. Same for the car, you don't need the load or finance, if you get enough money from the dividends.

My experience as a bookkeeper is more the OPPOSITE of what you’re suggesting in that owners often pay for personal, non-business purchases through the business. These are correctly recorded as a Shareholder Loan. At year end, a Dividend is issued to clear out the Shareholder Loan to $0.

Very useful information

Hi Please update the payroll sheet to latest one. I know it is difficult to update video. Thank you.

Very useful and short video. Thank you!

Plus, one day you will be old (like me!) and want to collect on your CPP!

Thanks Joe! I would love to hear your thoughts about investing in personal TFSA/RRSP vs inside the corporation

Great video, and its very clear, concise and to the point. Thank you. I always was struggling about dividends. Quick question, as a business owner, can you declare your personal income on a yearly basis as opposed to monthly? What I mean by this is when you do your taxes at the end of the year, can you then pay for income tax, CPP EI etc at once for the whole year, like the dividend, or should it be reported and taxes/cpp paid on a monthly basis? Thanks in advance!

I agree that having different classes of shares is a good idea in that it allows for you to pay dividends in various amounts to the different share classes.

Very good very good

@19:36 (bookmarking for reference)

Glad to see some Canadian content. Your videos are helpful. Cheers

Really appreciate the template. Made sure to like each video in the series and subscribed as well! :)

Your “article below” for business expenses doesn’t work. 👎

Your talking about a few thousand dollars. This is really nothing when im paying 280 k in taxes. Im not sure this is even worth my time. Its a joke

Your talking about a few thousand dollars. This is really nothing when im paying 280 k in taxes. Im not sure this is even worth my time. Its a joke

Great video! Thanks

Thanks Joe another great video. I always refer my friends to your channel when they ask where to learn about accounting and bookkeeping.

Very informative and I now have better sense of taking money out from corporation. Thanks!

Very clear! I didn't know all the details. Thanks a lot.

A discovery for me as I was about to invest inside my corporation! Very enlightening and eye-opening! Thanks. Can I transfer some of the capital to me personally as an RRSP contribution if I pay myself with dividends?

Too general ... boring explanation

Wouldn’t the tax free portion be 33.3% since the capital gains inclusion rate increase?

Thanks Joe !!

thank you so much for all your videos! I don't watch videos on this topic for fun, it's because I have to in order to understand my business, but these videos are so well made, the instructor is a great pédagogue, and all the pop references crack me up, i laughed way too loud when i saw the South Park image. Cheers from Montréal!

hello, what is tax on option trading income?

hello, what is tax on option trading income?

What is the phone number to cra.

All Avalon Corporation lessons are outstanding! Well Done. Many investors having issues understanding corporations and how it work. Thank You for helping us. You changing lives!..Keep It up!

should I be doing this at the end of the year of tax season? Or should I be doing this monthly? I was hoping to do it monthly/bi weekly

can you do one on how to/can you write off a vacation/trip as a business expense? what requirements do we need to meet?

@AvalonAccounting Thanks Joe for the great content and nice presentation. I loved it. I have a few questions and would love to have the opportunity to discuss it with you if you're available. I'm in the process of forming a Wyoming LLC which will serve as a holding company for my future Canadian operating subsidiaries. Does this structure work for the purpose of tax exempt when I move profits from the Cda operating entity to the US holding one in the form of dividends? Thanks again for these great videos and keep it up 💪

Can i open BANKS / interac ? I am Not resident i live in india

Why is the futurpreneur maximum age 39 years old? This age cut off is bias.

This a gold mine ! Thanks for sharing so much value information for Canadians !

Your videos are top notch! Thank you for this

They so f controlling. Why becoming hardworking when you can enjoy life and get monthly free money.this country has gone deep on socialism and no come back from it. Lol I need me to put my wife schedule as other people. Really? Who does that?

this looks so oh oh oh involved

Subscribed !!

How much do you charge for initial consultation?

Very relevant video!

I've been searching for a video on this subject and this was the best one by far!! Your clear explanation and pace made this topic digestable, a big thank you!

i tried it but it gives unusable bad results

When you say family, does this mean family in the house hold, or immediate family?

Great video, amazing example names 😂

Thank you so much, Paul! GBU

Question do u have to pay taxes on dividends in this account

He is a Gem 🤝feels like one on one consultancy when watching the video, very clean and informative.

what is the typical personal tax % at the end of the year for dividens to set aside?

Vandelay industries lol