Specified Investment Business

by Tax Guy - Burlington Accountant on February 1, 2010 Print This Post Print This Post

A business whose principal purpose is to derive interest, rent, dividends and royalties from property, unless the business employs more than 5 full time employees. A specified investment business is not eligible for the small business deduction.

About The Tax Guy...

Dean Paley CGA CFP is a Burlington accountant and financial planner who services individuals and business owners locally, nationally and internationally. Dean has appeared in the National Post, Toronto Star and Metro News.

To find out more, visit Dean's website Dean Paley CGA CFP or connect via Twitter @DeanPaleyCGACFP.

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