Where do I enter salary or dividends paid by my CCPC?
Where to find it: CCPC PROFILE / CCPC REVENUES
Use INCOMES after completing the CCPC profile. Select Salary from CCPC or the applicable dividend source and choose the recipient. Enter amounts and dates as for other incomes. These represent payments from the corporation to the household, not returns earned inside its investment accounts.
You can enter individual eligible, non-eligible and capital-dividend instructions. The Optimised Dividends option instead lets the model choose among supported dividend categories as funds and tax pools allow. Salary & Optimised Dividends includes a salary calculation for the CCPC owner; spouse salary is entered separately.
The corporation must have funds to make the payments. TIME MACHINE can use corporate revenues and withdrawals from corporate investments, and reports when a request cannot be paid.
Shareholder percentages and dividend permissions belong in CCPC PROFILE. They are not replaced by making every personal income jointly owned. Review both personal and corporate reports to see the payment and its corresponding corporate outflow.