3% corporate tax rate total tax rate 12% income generated is 140000.00 personal tax credit of 7842 and requires 75000.00 before tax for living expenses and wants to maximize cpp contributions. salary is 66,600 maximum cpp contribution is 3754. she gets dividends of 8400. compare this scenario to if she just got a salary of 75000 and include cpp payroll withholding considertion?

Answer rating: 100% (QA)

Lets break down the scenario 1 Income Generated 14000000 2 Corporate Tax Rate 3 3 Personal Tax Credit 784200 4 Living Expenses Before Tax 7500000 5 Sa... View the full answer