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Resources
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Should I take Salary or a Dividend?
Using 2008 Tax Rates
| Taxable Income |
Personal* |
Corporate |
Deferral |
Indiv Div. Tax* |
Combined |
Benefit(cost) |
| Under $400,000 |
43.70% |
16.00% |
27.70% |
26.53% |
42.63% |
1.17% |
| Over $400,000 |
43.70% |
32.50% |
11.20% |
12.46% |
44.96% |
-1.26% |
| Investment Income |
43.70% |
46.70% |
-3.00% |
-1.33% |
45.37% |
-1.67% |
| Dividend Income |
31.58% |
33.33% |
-1.75% |
-1.75% |
31.58% |
0.00% |
* Assumes individual shareholder in top marginal tax bracket.
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