Salary vs. Dividend Planning
Maximize Your Income with the Right Compensation Strategy
As a business owner, one of the most important financial decisions you’ll make is how to pay yourself—through salary, dividends, or a combination of both. The right strategy can help you minimize taxes, maximize personal income, and improve business cash flow.
At Westview Accounting & Tax Services Inc., we specialize in custom salary vs. dividend planning for incorporated business owners in North Vancouver, BC. We analyze your financial situation and business structure to determine the most tax-efficient way for you to get paid while staying compliant with Canada Revenue Agency (CRA) regulations.
Salary vs. Dividends – What’s the Difference?
Salary (Employment Income)
Paid as a regular paycheck from your corporation.
Subject to CPP contributions and income tax deductions at source.
Counts as earned income, helping you qualify for RRSP contributions and other benefits.
Creates a tax-deductible expense for your corporation.
Dividends (Profit Distribution)
Paid from corporate profits to shareholders (you).
Not subject to CPP contributions, reducing payroll costs.
Taxed at a lower rate than salary due to the dividend tax credit.
Does not count as earned income, meaning no RRSP contribution room.
TIP: Each option has benefits and trade-offs. The right mix depends on your business, income level, retirement goals, and tax situation.
How Westview Helps You Choose the Best Strategy
Personalized Tax Planning
We analyze your income, lifestyle needs, and corporate structure to recommend the best salary-dividend mix.
Maximizing Tax Savings
We ensure your compensation strategy minimizes your overall tax burden while keeping your corporation tax-efficient.
CPP & Retirement Considerations
We help you decide whether CPP contributions through salary are beneficial for your retirement plan.
RRSP & TFSA Optimization
If you want to maximize RRSP contributions, we structure your salary accordingly.
Income Splitting & Family Planning
If you have family members in the business, we explore income splitting opportunities for tax savings.
Cash Flow & Business Growth
We balance your personal income needs with your business’s ability to retain profits for reinvestment.
Why This Decision Matters for Business Owners
Lower Your Overall Tax Burden
The right balance of salary and dividends can reduce your combined personal and corporate tax bill.
Improve Business Cash Flow
Avoid excessive payroll taxes while keeping your corporation financially healthy.
Plan for Retirement & Benefits
Consider CPP contributions, RRSP eligibility, and other retirement strategies.
Ensure Compliance & Avoid CRA Issues
The CRA monitors salary and dividend payments closely. We ensure everything is done correctly.
Why This Decision Matters for Business Owners
Lower Your Overall Tax Burden
The right balance of salary and dividends can reduce your combined personal and corporate tax bill.
Improve Business Cash Flow
Avoid excessive payroll taxes while keeping your corporation financially healthy.
Plan for Retirement & Benefits
Consider CPP contributions, RRSP eligibility, and other retirement strategies.
Ensure Compliance & Avoid CRA Issues
The CRA monitors salary and dividend payments closely. We ensure everything is done correctly.
Why Work with Westview Accounting & Tax Services Inc.?
At Westview Accounting & Tax Services Inc., we combine deep expertise with personalized service. Our team takes the time to understand your unique financial situation and offers tailored advice to ensure your return is accurate, compliant, and optimized for maximum refunds. We don’t just file your taxes—we help you plan smarter for the future. Whether you’re a newcomer, business owner, or retiree, you can trust us for clear guidance, strategic savings, and peace of mind all year long.
Specialized in BC Business Tax Planning
We focus on North Vancouver-based corporations, ensuring compliance with federal and provincial tax laws.
Customized Salary & Dividend Optimization
Every business is different. We tailor a plan that fits your unique situation.
Year-Round Tax
Strategy Support
We don’t just help at tax time—we plan ahead to maximize your savings all year long.
Get Paid the Smart Way – Let’s Optimize Your Compensation Strategy
Make the right choice between salary and dividends with expert tax planning from Westview Accounting & Tax Services Inc.. We ensure your compensation strategy is tax-efficient, compliant, and aligned with your long-term financial goals in North Vancouver, BC.
Contact Us Today! Get expert salary vs. dividend planning for your business!
Make the right choice between salary and dividends with expert tax planning from Westview Accounting & Tax Services Inc.. We ensure your compensation strategy is tax-efficient, compliant, and aligned with your long-term financial goals in North Vancouver, BC.
Contact Us Today! Get expert salary vs. dividend planning for your business!
Westview Accounting provides trusted accounting, tax, and bookkeeping services across North Vancouver and Surrey. We help individuals and businesses stay compliant, informed, and financially confident.
our services
Business Registration & Setup
Business Tax Preparation & Filing
Business Tax Planning & Optimization
Bookkeeping & Payroll
CRA Compliance, Audits & Dispute Resolution
Personal Tax Preparation & Filing
Personal Tax Planning & Optimization
CRA Compliance, Audits & Dispute Resolution
Surrey Address
208 – 7928 128 Street,
Surrey, BC V3W 4E8
North Vancouver Address
202 – 1451 Lonsdale Ave,
North Vancouver, BC V7M 2H9
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