
Designate personal services income in a T2 form in ProFile
by Intuit• Updated 1 month ago
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.
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