Am I misunderstanding MJ's "pay yourself first" statement?

Hey All,

I know the rates are different, depending on region - however I am having trouble understanding, which system is favoured in FastLane entrepreneurship, Payroll or Dividends?

With payroll, I am only being taxed once. However, on dividends I am being taxed on corporate profits and then again personally for the dividend. So clearly, Payroll is the way to go?

I do have an accountant I meet with once a month and plan to speak to about this when it is time, however am just curious...

Am I misunderstanding MJ's "pay yourself first" statement?

from Am I misunderstanding MJ's "pay yourself first" statement?