Salary or dividends? Take a draw or a shareholder loan? LQID does the owner-manager math for your corporation — a free salary-vs-dividend calculator, dividend & draw tracking, and T5 slips at year-end.
From how you pay yourself to the slips at year-end.
Enter how much profit you want to take out and LQID compares your net cash and total tax as salary versus dividends — by province, with CPP and the dividend tax credit built in.
Free calculator →Dividends, owner draws, shareholder loans, and contributions — each posts to the right equity account, so your books and your shareholder-loan balance always tie.
Owner & equity, trackedPaid yourself dividends? LQID generates the T5 slip and summary — the right boxes, gross-up and dividend tax credit computed — plus the CRA XML to file.
T5 slip + CRA XMLLQID sets aside your corporation's tax as the profit comes in — so you always know what's the company's, what's the CRA's, and what's safe to take out.
Real-time corporate reserveFederal + provincial corporate rates, the small-business deduction, and dividend integration — all current, all built in.
Clean equity accounts, a tied shareholder-loan balance, and T5s ready to file — hand over books that are already right.
The salary/dividend mix is a judgment call — LQID gives you the numbers; confirm the strategy with your accountant.
It depends on your province, the amount, and your other income. Salary builds CPP and RRSP room; dividends skip CPP. The calculator shows the net-cash difference for your numbers.
Yes — the T5 slip, summary, and CRA XML for dividends you paid yourself or other shareholders.
Yes — draws, dividends, contributions, and shareholder loans each post to the correct account, both directions.
Yes — use it here, no signup required.
Free to start. Try the salary-vs-dividend calculator first.
Start free