I have a small corporation which is owned 50-50 by my wife and myself. It's basically a consulting firm where I am the only one working in it. My question is what is the best way to pay myself on a regular basis?
I have heard that dividends is one option. If so, can I do that throughout the year? A second option is to set up a payroll or an employer account with the CRA. If I do payroll, does this mean I have to add a payroll module to my Sage Pro 50 CDN program?
Any suggestions or recommendations?
Thanks,