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Designating personal services income in a T2

There is no checkbox in ProFile to designate your corporation as a personal services business.

There are two places where you would enter personal services business income:

  • on the T2 jacket, either in box 432 for Canadian-controlled private corporations or,
  • box 434 for other corporations:

PCG_CA_L4k36r55f_1.JPG

Once this is added, add the personal services business income onto line 520 of the Schedule 7:

PCG_CA_L4k36r55f_2.JPG

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