This Tip will be of interest to those of you who own companies that have earned passive income in prior years. Passive income consists primarily of interest, dividends and rental income.

Some technical tax changes will be introduced in the near future, and it might be beneficial to withdraw funds from your company through a dividend.

The bottom line is that if you haven’t been contacted by your accountant, you should speak with her/him before the end of the year and ask if these changes impact your company.