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Feb 27, 2018 6:16 pm
Hello, I was wondering how you could withdraw money from a hold co. to use personally without having to pay significant tax? The money was sent through tax free dividends from my operating company’s to the hold co.
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Feb 28, 2018 9:30 pm
Hi Michael, it depends on the amount of the dividends you received. The taxable amount (as per the T5 slip) of the dividends received must be included in your personal income.