{"id":1691,"date":"2022-11-28T17:49:01","date_gmt":"2022-11-28T17:49:01","guid":{"rendered":"https:\/\/3ataxservicespc.ca\/?p=1691"},"modified":"2024-10-17T20:51:05","modified_gmt":"2024-10-17T20:51:05","slug":"new-cra-campaign-focuses-on-personal-services-businesses","status":"publish","type":"post","link":"https:\/\/3ataxservicespc.ca\/index.php\/2022\/11\/28\/new-cra-campaign-focuses-on-personal-services-businesses\/","title":{"rendered":"New CRA campaign focuses on Personal Services Businesses"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1691\" class=\"elementor elementor-1691\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d37e374 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d37e374\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-768b830\" data-id=\"768b830\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-537656c elementor-widget elementor-widget-text-editor\" data-id=\"537656c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>The Personal Services Business (PSB) rules generally apply when these four tests are met:<\/em><\/p><ol><li>the individual providing services, or a person related to them, is a specified shareholder of the corporation<\/li><li>if the individual had provided services directly (i.e., without using a corporation), the individual would be considered an employee of the taxpayer (i.e., an incorporated employee)<\/li><li>the corporation does not employ more than five full-time employees throughout the tax year<\/li><li style=\"text-align: left;\">the corporation\u2019s income is from services performed by the provider on the corporation\u2019s behalf<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5a533dd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5a533dd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-56e5115\" data-id=\"56e5115\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fa9e876 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"fa9e876\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.cpacanada.ca\/en\/business-and-accounting-resources\/taxation\/blog\/2022\/september\/new-cra-campaign-focuses-on-psbs#:~:text=The%20CRA%20is%20taking%20a,they%20provided%20the%20services%20directly\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>For your corporation to be considered a personal services business (PSB),<br \/>\n&#8211; you, as the incorporated employee performing services, or any person related to you, is a specified shareholder of your corporation<br \/>\n&#8211; if your corporation did not exist, you, as the incorporated employee, would be considered an employee of the hiring business receiving your services<br \/>\n&#8211; your corporation does not employ more than 5 full-time employees throughout the tax year<br \/>\n&#8211; your corporation&#8217;s income is from services performed by you, as the incorporated employee, on behalf of your corporation<\/p>\n<p>PSBs are not eligible for the small business deduction, or the general tax rate reduction.<\/p>\n<p>For a more detailed guideline, please click the &#8220;Learn More&#8221; button below<\/p>\n","protected":false},"author":5,"featured_media":27666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697.jpg",1280,854,false],"thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-150x150.jpg",150,150,true],"medium":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-300x200.jpg",300,200,true],"medium_large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-768x512.jpg",768,512,true],"large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-1024x683.jpg",1024,683,true],"1536x1536":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697.jpg",1280,854,false],"2048x2048":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697.jpg",1280,854,false],"woocommerce_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-300x300.jpg",300,300,true],"woocommerce_single":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-600x400.jpg",600,400,true],"woocommerce_gallery_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-100x100.jpg",100,100,true]},"uagb_author_info":{"display_name":"Tax Admin","author_link":"https:\/\/3ataxservicespc.ca\/index.php\/author\/tax-admin\/"},"uagb_comment_info":0,"uagb_excerpt":"For your corporation to be considered a personal services business (PSB), - you, as the incorporated employee performing services, or any person related to you, is a specified shareholder of your corporation - if your corporation did not exist, you, as the incorporated employee, would be considered an employee of the hiring business receiving your&hellip;","rttpg_featured_image_url":{"full":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697.jpg",1280,854,false],"landscape":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697.jpg",1280,854,false],"portraits":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697.jpg",1280,854,false],"thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-150x150.jpg",150,150,true],"medium":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-300x200.jpg",300,200,true],"large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-1024x683.jpg",1024,683,true],"1536x1536":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697.jpg",1280,854,false],"2048x2048":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697.jpg",1280,854,false],"woocommerce_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-300x300.jpg",300,300,true],"woocommerce_single":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-600x400.jpg",600,400,true],"woocommerce_gallery_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-8439697-8439697-100x100.jpg",100,100,true]},"rttpg_author":{"display_name":"Tax 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your&hellip;","_links":{"self":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/1691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1691"}],"version-history":[{"count":7,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/1691\/revisions"}],"predecessor-version":[{"id":27667,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/1691\/revisions\/27667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/media\/27666"}],"wp:attachment":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}