Do you have passive income in your Canadian corporation? If so, you need to be aware that it is taxed differently than active business income. Income from investments and property can impact your small business deduction. This, in turn, impacts the amount of tax you pay in your corporation. In this post, you'll learn what passive income is and the impact it has on the small business deduction. What is passive income? Passive income is any type of income that is not earned from active work. This includes, but is not limited to, income from property, such as rental income and [...]