If the owner/manager of a CCPC has a large Cumulative Net Investment Loss (CNIL) bal- ance, he should pay himself dividends rather than salary.

Question

Quizplus · Accepted Answer

If the owner/manager of a CCPC has a large CNIL balance, paying themselves dividends rather than salary can help reduce their personal tax liability. This is because dividends are taxed at a lower rate than salary and can also be eligible for the dividend tax credit.

If the Owner/manager of a CCPC Has a Large Cumulative