so these are non-eligible dividendsno is a small busines
my wife is director and shareholder of course
She might get to use the corp later for some IT activities and online business we will hire an accountant if that is required but like somebody above mentioned we are doing the book keeping and everything and the accountant we had was just reporting and signing our papers. 2h of work in total every year
If would be foolish to pay 5K per year to do the accounting for 6K passive investment income (reinvested actually)
We just started investing and the corp was dormant for 2Y and we are in our first year of investment
This was a small corp set to shelter the income from my IT contracting work
The accountant I had had a very simple task and he was charging me 1K when I got pissed off because I found out about the quick GST method which would have saved me some money but he failed to inform me about it,
I did my taxes for years with Intuit TurboTax for Business and it was pretty much the same but I was paying 700 less.
If you have a large business with lots of expenses and transactions and then very few expenses do you thing you need a 5K accountant for this ? I doubt.