Published: March 5, 2020
Last Updated: April 10, 2020
You can withdraw income from your corporation in one of 2 ways. You can take a salary or bonus, which is deductible to your corporation. Or you can declare a dividend out of after tax profits.
Disclaimer:
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."
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