How to extract money from your corporation tax efficiently?

If you own a corporation, you have different options to extract money from your corporation. Tax is a critical factor to consider while you are deciding which option to take.

Salary and dividends are two most common methods you can pay yourself. The theory of integration is supposed to ensure that there will be no difference of total tax you pay between paying yourself salary or paying yourself dividends.

In reality, however, integration is not perfect. That means there are tax planning opportunities in designing your remuneration strategy.