Kelowna accountant, Ken Davidson, answers your questions on accounting, business growth strategies, start-ups and more.

Question from a Reader: As a business owner should I take a wage or dividends?

As far as I’m concerned, there are very few reasons why a business owner should take a wage. When I say this I’m referring specifically to business owners that have incorporated their business, because it’s a whole different situation if you’re a sole- proprietor.

All of my clients earn dividends rather than wages but the question is why? There are a couple reasons why this is works to your… Continue reading →