Salary vs Dividends - Take 15 Minutes and Learn to Pay Less Tax 🍁 скачать в хорошем качестве

Salary vs Dividends - Take 15 Minutes and Learn to Pay Less Tax 🍁

Salary or Dividends - which is better? We look at the difference between paying yourself a salary or paying yourself dividends. We discuss the main advantages and disadvantages of each and look at some common scenarios for when a business owner may choose one method over the other. Questions answered in this video include: ► What's the difference between paying yourself a salary vs paying dividends? ► Why would a salary be better than dividends? ► When are dividends better than salary? ► How to pay yourself a salary ► How to pay yourself dividends ► Will I pay less taxes using salary or dividends? ► How to compare taxes owing from salary and dividends ****************************** ✅ Sign up for my newsletter here: https://www.avalonaccounting.ca/weekl... ****************************** 🎥 CONTENTS OF THIS VIDEO 00:00 - Intro 00:31 - Paying Yourself a Salary 00:55 - How Paying Yourself a Salary Works 01:17 - Why Choose Salary 01:26 - Salary Builds RRSP Contribution Room 01:49 - Salary Helps Avoid Surprise Tax Bills 02:34 - You Contribute to CPP with Salary 03:18 - Salary Helps Qualify for a Mortgage 03:38 - Salary Can Help Qualify for Subsidies and Tax Credits 04:15 - How to Pay Yourself a Salary 05:04 - Paying Yourself Dividends 05:13 - How Dividends Work 05:44 - Why Choose Dividends 05:50 - Dividends Remove CPP Costs 06:31 - Paying Dividends is Simple 06:57 - Dividends Reduce Chances of CRA Penalties 07:30 - Dividends Can Decrease Employer Health Tax Costs 08:07 - How to Pay Yourself Dividends 09:17 - Salary vs Dividends - How They're Taxed 10:11 - Salary vs Dividends - Which Creates Less Tax? 10:50 - Salary vs Dividends - Tax Comparisons 11:14 - Salary vs Dividends - Tax Comparison Example 1 12:26 - Salary vs Dividends - Tax Comparison Example 2 13:46 - Salary vs Dividends - Summary of Factors to Consider 14:14 - Final Thoughts🥣😆 ****************************** 🔗 MENTIONED IN THIS VIDEO ► Salary vs Dividends Blog Article https://www.avalonaccounting.ca/blog/... ► How to Run Payroll in Canada: a Step-by-step Guide https://www.avalonaccounting.ca/blog/... ► How Employer Health Tax Works https://www.avalonaccounting.ca/blog/... ► Corporate Share Structure Considerations for Canadian Businesses https://www.avalonaccounting.ca/blog/... ► Tax on Split Income (TOSI) Tax Changes 2018 https://www.avalonaccounting.ca/blog/... ► Wealthsimple Tax Calculator https://www.wealthsimple.com/en-ca/to... ► Corporate Tax Rates in Canada https://www.avalonaccounting.ca/blog/... ****************************** 🅰️ AVALON ACCOUNTING Avalon is a virtual accounting firm located in Canada. We aim to be THE online accounting department for small businesses in Canada. We provide online bookkeeping, accounting services and expert financial advice for small businesses. We are on a mission to educate small business owners through our YouTube channel, blog and free resources. Check out our links below to dive in. ****************************** 📩 CONNECT ► Website: https://www.avalonaccounting.ca/ ► Blog: https://www.avalonaccounting.ca/blog ► Facebook:   / avalonaccoun.  . ► Instagram:   / avaloncpa   ► LinkedIn:   / avalon-accounting   ****************************** 🧑‍🏫 ONLINE COURSES ► Take your business to the next level with our online courses. https://www.avalonaccounting.ca/courses 🏅 ESSENTIAL FINANCIAL CONCEPTS FOR SMALL BUSINESSES (🆓FREE COURSE) ► Keys to building a business that provides owners with time, money and purpose. https://www.avalonaccounting.ca/cours... 🖥️ LEARN MODERN BOOKKEEPING ► Learn to do your own bookkeeping with modern tools and our proven practices. https://www.avalonaccounting.ca/cours... 📈 BOOKKEEPING AND TAX FOR FREELANCERS ► This course teaches sole proprietors how to simplify bookkeeping and taxes. https://www.avalonaccounting.ca/cours... ****************************** 💳 FLOAT VISA - $500 CASH BACK Float Financial provides a company credit card built for modern businesses. Check out our review for details ► https://www.avalonaccounting.ca/blog/... Use our referral link to receive $500 cash back ► https://tinyurl.com/floatvisa We may receive compensation when our link is used to sign up for a Float Visa. ****************************** 💼 20% OFF INCORPORATION WITH OWNR If you are looking to incorporate (in Canada) and want to save some cash, check out Ownr with our affiliate link for 20% off incorporation costs: ► https://www.ownr.co/partners/avalon-a... We may receive compensation when our link is used to sign up with OWNR