Designate 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;
• On box 434 for other corporations

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