This cold be one problematic area i will give you. Clearly in this case accountants thought ahead poorly...maximising dividends, never paying attention to salary/rrsp/tfsa along the way. The art of investing is diversifying and if this is you i would be a having a long talk with my accountant, not least because they've had 2 years to see this coming and obviously didnt prepare you....if you have rrsp space, the answer is simple...big dividend pay out to be promptly place in the rrsp, annulling all tax and then some owing on the dividend. Otherwise, you are left with tfsa ( you will pay tax on the dividend withdrawal but not interest earned) or keeping the corp open and letting the investment grow passively while committing to rrsp in future years. You will pay more to keep corp open and unclear how new investmenr rules will apply. A final option would be to keep the corp open and look at a 'personal pension plan'...basically a rrsp on steroids available only for corp owners.