Cpa Kaival PatelDirector, Profuture Tax Academy · Helping Small Business, CPA & Bookkeepers to Grow

Tax difference when you are business owner

Name: Tax difference when you are business owner
Uploaded: 2026-05-20T21:34:02+00:00
Duration: 1 min 6 s
Channel: Cpa Kaival Patel
Description: In this short monologue, the speaker explains why business owners can accumulate wealth more efficiently than salaried employees by structuring income as…

20 May 2026 · 1 min

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1:06

In this short monologue, the speaker explains why business owners can accumulate wealth more efficiently than salaried employees by structuring income as dividends rather than salary. Using a $200,000 income example, they demonstrate that a salary would incur roughly $69,287 in taxes, while the same amount taken as a dividend would result in about $52,000 in taxes, yielding a saving of approximately $17,000. The speaker notes that dividend income also triggers corporate‑level tax, so an optimal mix of salary and dividend is necessary. They highlight that business owners can further reduce taxable income through deductible expenses. The video concludes with a call to action, offering free corporation tax training for viewers who comment, and encouraging them to follow the presenter for more guidance.

Chapters

why business owners are able to get rich while you are struggling? If you earn $200,000 in salary versus $200,000 in dividend, the difference is huge. Here is the difference. If you go on any Wealthsimple, TurboTax, right, select your province, just type in— if you earn $200,000 in employment salary, you pay $69,287 as a taxes. But I'll just change it and we go down and we'll make it ineligible dividend of ₹200,000. Hola! ₹52,000. How much is the difference? So you are saving almost ₹17,000 just by changing your income type from salary to dividend. And don't forget about the expenses and everything you can claim. But it's not that straightforward because when you take out dividend, you get tax in the corporation also. So there has to be a good mix and match. If If you want to take the benefit of the taxes, either hire us as accountant, or you can learn everything by yourself and apply to your corporation itself. So comment training below and I will send you free corporation tax training. And make sure to follow me.