Business & farm

@Rick19744 what are you suggesting with your first sentence exactly where you quote me?

If you read my post carefully you will see this: "I decided that I would pay the corp taxes on it, and keep the money as retained balance until it had collected enough to the point that I could pay myself a salary for a few months, and also some dividend to get the income splitting benefit.". Clearly states that the corp taxes are paid and then dividends are issued.

 

Obviously dividends are paid out of earnings and profits. No, I don't need to pay a "tax professional" for a one on one to know that. It's quite basic. If you think there are other aspects in what I suggest that need a one on one with a tax professional, please be specific in helping the community out, rather than put out a FUD sentence like that.