Salary vs Dividend Planning Worksheet

This tool provides a simplified estimate from the information entered. It does not account for every deduction, credit, benefit, surtax, premium, repayment, special rule or personal circumstance. The salary scenario calculates simplified incremental federal and provincial tax using the entered other personal income. The dividend tax remains an effective rate entered by the user because actual tax depends on eligible or non-eligible status, gross-up, dividend tax credits, other income and province. Corporate cash retained in each scenario is shown separately.