The way you pay yourself from the corporation can have tax implications. Depending on your financial goals, you may want to pay yourself a salary, dividends, or a combination of both. A salary is a deductible expense for the corporation, which can reduce its taxable income, while dividends are paid out of after-tax profits.
The strategy you choose depends on your personal tax situation and long-term financial objectives. Balancing between salary and dividends is crucial to ensure tax efficiency both within the corporation and on your personal tax return.