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Changing holdings account to Corporate? Is it possible?
January 27, 2023
6:19 am
hayman
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October 30, 2022
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Currently have 300k in personal account and 300k in dual account they are in 100k increments and I was sold on the CDIC insurance but have since changed my mind and would like to pay less taxes and go with a Corporation if they let me change accounts after the fact and hold the 600k in a Corporate account, they are 10 year GICS, and I’m only 3 months in. Anyone have experience with this problem?

January 27, 2023
8:46 am
Norman1
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According to Passive income taxation for Canadian-controlled private corporations, passive interest income in a corporation is taxed around 50%.

I don't think you'll be paying less income taxes once you include the corporate taxes.

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