The Financial Post reports in its Monday, Oct. 7, edition that if you operate your business through a corporation, you can choose to reinvest after-tax income within the corporation or withdraw the income, pay personal tax, and invest the remaining funds personally. The Post's Jamie Golombek writes that changes to the capital gains inclusion rate mean two-thirds of capital gains are now taxed in a corporation, while only half of the first $250,000 of annual capital gains are taxed for individuals. A new Canadian Imperial Bank of Commerce report explores whether you should consider withdrawing after-tax business income from your corporation so you can personally benefit from the lower, one-half inclusion rate on the first $250,000 of annual capital gains personally, or just leave it in the corporation and invest corporately. After your corporation pays taxes on its business income, the remaining amount can be used as corporate capital for investments. Alternatively, the after-tax amount can be distributed to you as dividends, and after paying personal tax, the remaining amount can be used as personal capital for investments.