[WEBINAR] 5 Tax-Efficient Ways to Withdraw Money from Your Professional Corporation
So you’ve been thinking about withdrawing more funds from your PC but aren’t sure of the tax consequences of doing so. Perhaps you are concerned about rising interest rates and want to pay down your personal debt more quickly with the savings inside your PC. Maybe you are planning to purchase (or renovate) a home and need the cash to do so. Or you would like a refresher on the various ways of withdrawing funds.
Join us as we pull back the curtain on tax-efficient (or tax-free) ways to withdraw money from your professional corporation, where you’ll learn:
- What are the five ways of withdrawing funds from my professional corporation, and the tax consequences of each?
- When should I take more money out of my corporation?
- How much should I take?
- Is the withdrawal considered a dividend, a salary or something else?
- Are there other ways of using the cash in my corporation without attracting income tax?