Serbinski Accounting Firms

Hey thanks for the reply, So from what you said I infer for 100k 1. I have to pay 14% tax at end of year. This would be like 86k 2. On 86k if I make a 10% interest = 8,600. I pay tax of 45% on 8,600 = 4,100 (8-O) {R they nuts!!!!!} :P Finally, what you are saying is if I take 86k as my dividend than...

I live in Canada,Alberta

Hello, I have incorp n make about 100k in profits. I have no immediate use for money to draw dividends or sal. Can I invest this money in GICs from other countries that give higher returns. If I can, then will 100k still be regarded as profits at end of tax year, or as a investment? How much tax do ...