Thank you for the replies. CRA specifies that certain employment expenses cannot be used to produce an employment loss. Now is this a employment loss specific to the company that the expenses are claimed to, or TOTAL employment income?
e.g. Suppose from my own company, I pay $5,000 salary, $45,000 dividends. Employment expenses: $20,000. Other employment income: $50,000 (which exceeds employment expenses). Would this be correct, or would I have to pay $20,000 salary, $30,000 dividends?
