Canada 2 owner corp, 1 wants salary, the other wants dividend as compensation. Consequences?

[sceptre]

This is my second question for my basic knowledge.
WHat are teh consequences of owners taking different cash out of company at different points in time?
1 owner has monthly financial obligations and other not so much.
- Could the owner who wants monthly cash, to match monthly income generated, get income from a yet to be declared dividend?
- I'm the owner without the same financial obligations, but I'm not prepared to take a monthly salary, I'd rather 'my' earnings stay in the company and be taxed at corporate rate.

- I fear for one owner taking out money as an expense (salary or as contractor), but then later sees a chunk of cash in the company chequing account and saying, I want 50% of that. Can I use a holding company held 100% by me, (as opposed to 50/50 of the operatiing company), so the holding co holds 100% of my 50%.

What's the smart way to handle ownership partners who want income to be distributed differently from other owners? Both owners do work for the company, but neither are employees. 1 sends in an invoice, the other doesn't.

 

[kirby]

OK, look, if you are already concerned about being treated unfairly by your partner, what are you doing being in business with them?

 

[sceptre]

It's a fair question, though not relevant to finding a solution to partners who each want the compensation to be in their individual best interest first and foremost. My partner and I are very different from each other. He brings a wealth of experience and salesmanship, and baggage. I bring credit, inexperience, administrative skills. People with few financial resources are continually lured toward financially cheating their partner.