DIVIDENDS, PAYROLL AND T SLIPS 

Dividends, payroll and T slips aren’t the most exciting part of being your own boss, but they are important elements of running your business. Our knowledgeable CPAs and bookkeepers can help you get things done quickly and correctly - leaving you more time to focus on what's important.

Dividends vs salary

OWNERS COMPENSATION: DIVIDENDS VS SALARY

Each year, you must decide how you want to pay yourself as a small business owner – dividends, wages, or some of each. We'll run the numbers and explain the pros and cons of each.

Dividends can be simpler and often mean you keep a bit more money in your pocket – but do they minimize your taxes in the long-run? A wage or salary is a total tax deduction to the corporation, and requires regular payroll remittances, but may bring value over and above taxes (pension, gov’t relief, disability). Our expert CPAs are here to recommend the best option for you and your business.

Payroll support

Payroll support (annual, quarterly or more) 

As a small business owner, you wear a lot of hats, and we’re guessing payroll administrator isn’t at the top of your favourites list. Get a little support or take payroll off your to-do list entirely.

Annually – We can help you decide whether dividends or wages are best for you and your business partners. 

Quarterly – You’re running your own payroll, but we can help. We’ll check in quarterly to see if you have questions and can review your settings. 

Monthly or more – Need a hand with monthly payroll? True North Accounting can help you get set up or take it completely off your hands. We’ll take care of your entire payroll including full CRA representation, monthly, semi-monthly or bi-weekly pay runs, T slips and more — ask us how.

 
 

Plans and Pricing

Whether you’re just starting out or a “chief something officer,” we can handle your taxes and set you up for success.

Find the plan that’s best for your business.

 
 

Learn more about how our full-service offering helps small business owners at tax time.