Which investments to hold in corporation?
On the advice of our accountant, we maxed out our RRSP’s, and TFSA. Our accountant advised to hold the remainder in our corporation, rather than paying it out to ourselves now. We currently hold around $1.2M that won’t be needed for business purposes or income. I’d like to invest this for retirement. So I have a long time horizon (20+ years) for investing this money in the corporation without needing it.
I am aware that any passive income over $50,000 each year will reduce the Small Business Deduction rate. Am I correct then that the best investment would be something that pays little to no dividends and capital gains increases only? If so, what would be best? I believe that the Horizon swap ETFs are no longer an option. I was thinking something like XEQT.