Due to popular demand, finally overcoming my procrastination, and finally getting more comfortable with my knowledge base, I am thrilled to welcome Dr. Mark Soth (aka The Loonie Doctor) to beyond MD.
This is corporate tax and corporate investment optimization 101.
Discussion Points:
The mission behind the Loonie Doctor Blog (2:41)
Mark's evolution (6:17)
Corporation taxation basics (8:29)
What are the main advantages of incorporating? (10:46)
RDTOH basics (12:45)
Canadian/eligible dividends earned through the corporation - should we pay these dividends out to ourselves (15:29)?
Overview of passive income rules (19:15)
GRIP/General Rate Income Pool (21:30)
ON and NB are different with the passive income rules (22:57))
Capital gains harvest & the capital dividend account/CDA (27:16)
Mark's blog: https://www.looniedoctor.ca/
My links:
beyondmdpodcast@gmail.com
https://www.linkedin.com/in/yatin-chadha-29074b109/