Incorporated companies
My wife and I both own small incorporations. We are not on payroll but simply cut ourselves checks each month. At the end of the year our accountant calculates CPP, etc. and we square up with CRA. Our income varies widely from month to month and year to year. How do we prove income when we don’t have a regular income or a standard payroll check? Does the trustee use printouts from our personal bank accounts, incorporation accounts, or go off the NOA from Revenue Canada?
Posted from: British Columbia
It could be a combination of all of these suggested avenue’s. What you will need to do is to simply discuss this with your local trustee.