How to Pay Dividends: Completing the T5 Slip and Summary
Ronika Khanna CPA,CA
DECEMBER 2, 2022
If you do decide to pay yourself dividends, it is important to ensure that you prepare the proper documentation for Revenue Canada (CRA) and if you live in Quebec, Revenue Quebec (MRQ) since this must be reported as investment income on your personal tax return in the calendar year in which the dividends are paid.
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