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rowan · 10-23-2007, 10:27 PM

I am not an accountant and I'm not in Canada, but I think you'll probably find that salaries are deductions, IOW you only pay the company tax rate on profits. The portion of the companies gross income that goes to salaries is only taxed as personal income tax.

10-23-2007, 10:27 PM
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	I am not an accountant and I'm not in Canada, but I think you'll probably find that salaries are deductions, IOW you only pay the company tax rate on profits. The portion of the companies gross income that goes to salaries is only taxed as personal income tax.