The 2015 federal budget reduced the small business tax rate on the first $ 500,000 of active business income from 11 per cent to 9 per cent by 2019. (boardoftrade.com)
Is this passive income or can it be classified as active business income because this is its primary business? (thebluntbeancounter.com)
The government's concern is that under the current rules, a «tax deferral advantage» exists because the tax rate on active business income earned in a corporation is generally much lower that the top marginal tax rate for individuals earning business income or employment income directly. (business.financialpost.com)