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There's a bit more to it than just this, hence the suggestion to get good advice.

Speak with your accountant about this, but here's what I do... I pay myself an ongoing salary of $85,000. $80k is the threshold for the 30% tax rate, the $5k is about what my personal deductions are. This ensures that I only pay a maximum of 30% tax. The reason I want to keep my tax within...