A Personal Services Business is a punitive designation under the Income Tax Act that taxes income in a corporation at a high rate and disallows deductions and expenses. This memo has been written to help our clients identify if they are a shareholder in a Personal Services Business and what can be done about it.
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Ce guide traite de questions complexes et peut ne pas s’appliquer à des faits et circonstances particuliers. De plus, les informations reflètent des lois et des pratiques susceptibles de changer. Ce guide ne doit pas remplacer les conseils professionnels.