Financial Planning Simplified

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Salary vs. Dividend Calculator

For incorporated business owners: compare the after-tax cash you keep when you pay yourself a salary versus a dividend from your corporation, using Ontario tax assumptions.

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Your corporation

Pre-tax corporate income to pay out

Corporate tax rate

Ontario small-business rate is about 12.2%.Your personal marginal tax rate

Combined federal + Ontario rate on your top dollar of income. Approx. 30% mid-income · 43% upper-middle · 53.5% top Ontario bracket.

Dividends are modelled as non-eligible (small-business) dividends: grossed up by 15%, then reduced by the federal and Ontario dividend tax credits.

At a glance

Salary route

$84,885

Dividend route

$84,153

Salary advantage$732

Advanced: tax-layer breakdown

See exactly where each dollar goes — corporate tax, the dividend gross-up, the dividend tax credits, and what finally lands in your pocket through each route.

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This calculator provides a simplified estimate for educational purposes only and does not constitute financial, tax or legal advice. Actual results depend on your full circumstances and current legislation.

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