005 | Salary vs. Dividends: How to Pay Yourself Like a Pro from Your Corp
Salary vs. dividends—what’s the smartest way for an incorporated chiropractor to pay themselves? In this episode, Scott and Chris break down why treating your corp like an ATM creates CRA surprises, how the “dividend tax trap” happens, and why predictable owner’s pay beats random draws. We unpack salary vs. dividends in plain English (CPP isn’t a “tax,” RRSP room matters), how Profit First helps stabilize your paycheque, and why the right answer depends on your stage of practice and a 30-year tax plan—not just this year’s refund. Canadian context throughout.
You’ll learn:
• How random draws…
The skinny
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