Payton Hewitt is the sole shareholder and employee of Conduit Corporation Ltd. which operates a processing business
Fantastic news! We've Found the answer you've been seeking!
Question:
REQUIRED
Consider the following three remuneration alternatives:
(A) all salary,
(B) all dividends,
(C) $10,000 in salary and the remainder in dividends.
Compare the net cash to Mr. Hewitt for these alternatives ignoring employment income deductions available to an employee. Can the best of these alternatives be improved upon?
Related Book For
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
Posted Date: