Is your corporation at risk of being deemed a personal services business (PSB) by the CRA?
Is your corporation at risk of being deemed a personal services business (PSB) by the CRA? If your corporation is deemed to be a personal services business (PSB) your corporation is no longer eligible for the small business deduction (SBD) and its income is taxed at full corporate tax rates. For 2016 the B.C. corporate…