@TheFrankDomenic This is incorrect. The higher personal inclusion rate is not related to one’s employment or “earned” income. It is related to the size of the capital gain. Only capital gains >$250K = higher inclusion rate. Business owner or employee. The corporate inclusion rate is different.
@dynamicplanning I understand that, I'm just struggling to see what in my video I said that is fully at odds with that? Not trying to pick a fight just trying to figure out what I said wrong
@TheFrankDomenic Because business owners can’t pay themselves a wage or income in the form of a capital gain to benefit from the lower inclusion rate to pay “less” tax. You are equating taking a low “income” as ways for business owners to extract funds and pay less tax. No fighting, just dialogue
@dynamicplanning I appreciate that. I understand that paying out in dividends doesn't come in the form of capital gains but income. Is that the only way for an owner to directly extra their wealth then on a yearly basis? Dividend or direct income?