How Much Should You Pay Yourself From Your Corporation?

Описание: How much should you pay yourself from your medical corporation?

Many incorporated physicians struggle with this decision. Some pay themselves too little and feel financially constrained despite strong incomes. Others take more than they need and reduce the long-term benefit of incorporation.

In this video, I walk through a simple, practical framework for setting personal pay from a corporation. The goal is not tax optimization for its own sake, but aligning your compensation with what your money actually needs to support.

We cover:

How to determine the right level of personal income for monthly living expenses

How to plan and smooth withdrawals for 1–5 year expenses like cars, renovations, or parental leave

How registered accounts fit into the compensation decision

Why salary should usually make up most of your pay until RRSP room is maximized

When dividends should also be part of the mix

The point of incorporation is to defer income you do not need today into the future. To do that well, you need clarity about what you actually need now. This framework is designed to provide that clarity and reduce unnecessary financial stress.

This video is for Canadian physicians who are incorporated or considering incorporation and want a clear, evidence-based approach to personal pay.