Are there any other fees aside from incorporation if you live off dividends (partly or fully)?

Asked 5 years ago

Is it taxed the same way as work?

Osasere Okunloye

Monday, June 28, 2021

No, you don't have to pay an extra tax when withdrawing from a tax-free saving account. If in a retirement saving plan, you will not have to pay an added tax as long as the money remains in the plan; when withdrawing, you will pay tax depending on your current income at the time of withdrawal.