Clement is the sole shareholder and only employee of Track Ltd. a corporation which provides payroll services
Fantastic news! We've Found the answer you've been seeking!
Question:
Clement is the sole shareholder and only employee of Track Ltd. a corporation which provides payroll services to Down Ltd. a public company. Prior to the incorporation of Track ltd. Clement was employed by Down Ltd. as the payroll clerk. What type of income is Track Ltd. Tracking.
A. Active business income
B. Personal service Business income
C. Specified investment business income
D. Income from property
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
Posted Date: