In this episode, we finish our two-part conversation on the small business deduction, this time discussing the differences between active business income and income from a specified investment business or a personal services business.

Payroll podcast

Small business deduction – Defining active business

The Canada Revenue Agency's (CRA) payroll podcast is aimed at the Canadian payroll community and employers in general. In each episode, the host will talk to subject matter experts. They will cover important topics related to deducting, remitting, and reporting payroll deductions, detailed aspects and key concepts you need to understand to meet your obligations as an employer or payer, and other payroll questions the CRA is asked.

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Payroll podcast