[Verse 1]
Meet Sarah the consultant, she's learned the magic trick
Structure personal income with precision arithmetic
Rental income flows from office space inside her home
Minus housing costs that offset, keeping taxes in the zone
[Chorus]
Basic Personal Amount, that's your golden target line
Sixteen thousand federally, plus provincial combined
Salary plus dividends plus rental income net
Keep it at that threshold, best tax structure you can get
BPA, BPA, stay within that sweet spot
Non-taxable reimbursements cover what cash cannot
[Verse 2]
Draw a modest salary from your corporation's till
Add some dividend payments, but control them with your skill
Office rental to yourself creates that income stream
Housing expenses offset it, living the consultant's dream
[Chorus]
Basic Personal Amount, that's your golden target line
Sixteen thousand federally, plus provincial combined
Salary plus dividends plus rental income net
Keep it at that threshold, best tax structure you can get
BPA, BPA, stay within that sweet spot
Non-taxable reimbursements cover what cash cannot
[Bridge]
Vehicle allowances tax-free, PHSP benefits too
Transit passes covered, living costs pushed through
Spousal amounts matter if you've got a family plan
Maximize those thresholds every way you legally can
[Verse 3]
Balance these three income streams like a financial juggler
Rental, salary, dividends - become a tax code smuggler
Keep your personal income low while expenses get covered
The efficiency you'll discover leaves more profit recovered
[Chorus]
Basic Personal Amount, that's your golden target line
Sixteen thousand federally, plus provincial combined
Salary plus dividends plus rental income net
Keep it at that threshold, best tax structure you can get
BPA, BPA, stay within that sweet spot
Non-taxable reimbursements cover what cash cannot
[Outro]
Three streams flowing gently to that magic number's shore
Personal tax efficiency opens up the corporate door