Question on RRSP and Dividends
I also have a corporation where i am the only shareholder and will like to withdraw $40,000 as dividends in 2018.
I am a full time student and will not have any other income in 2018.
If i withdraw the RSP contribution of $10,000 in a few months and then $40,000 in dividends. Keeping in mind all the withholding tax and stuff, is the above a good strategy or should i reduce the dividends or change the ratio?
Any advise is appreciated.