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Resources
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Should I take Salary or a Dividend?
Using 2010 Tax Rates
| Taxable Income |
Personal* |
Corporate |
Deferral |
Indiv Div. Tax* |
Combined |
Benefit(cost) |
| Under $500,000 |
43.70% |
13.50% |
30.20% |
29.16% |
42.66% |
1.04% |
| Over $500,000 |
43.70% |
30.00% |
13.70% |
15.02% |
45.02% |
-1.31% |
| Investment Income |
43.70% |
45.67% |
-1.97% |
-1.33% |
44.34% |
-0.64% |
| Dividend Income |
33.71% |
33.33% |
0.38% |
0.38% |
33.71% |
0.00% |
* Assumes individual shareholder in top marginal tax bracket.
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