Ep. 40 | Salary vs Dividends: How to Pay Yourself

Should you pay yourself a salary or dividends from your corporation? If you’re a Canadian business owner, this decision shapes your long-term wealth. In this episode, Tré Bynoe, CFP, CIM, breaks down why it’s not a binary choice and what most professionals and incorporated entrepreneurs get wrong.

You’ll learn the real tax impact of each strategy, why RRSP room and CPP contributions matter, and how your spending habits, investment style, and future goals play a role.

You’ll learn:

• Why the best strategy is usually a mix—not one or the other
• How CPP and RRSP room shift the math on salary vs dividends
• The importance of mastering personal cash flow first
• What accountants often miss (and planners catch)
• When complexity just isn’t worth it—and how to simplify

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