@tadtalksmoney: Replying to @Aleenator Thank you for your comment 🙏 A lot of owners think they’re safe because the passive income sits in the HoldCo. But the CRA aggregates passive income across all associated corporations, and that can kill your small business deduction fast. I included the link to the exact section of the Income Tax Act in the video for anyone who wants to dig deeper. Let me know what you think in the comments ➡️ Link in bio to schedule a complimentary zoom consultation Follow for more tips on building wealth and achieving financial freedom! 🌟 https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2018-equality-growth-strong-middle-class/passive-investment-income/small-business-deduction-rules.html https://laws-lois.justice.gc.ca/eng/acts/i-3.3/section-125.html Disclaimer: All videos are for educational/entertainment purposes only. Figures used are to demonstrate concepts, not financial advice. This message is an expression of the author’s personal opinions. The company will not be held liable in any way for the opinions expressed herein. #taxstrategy #holdcoopco #canadianbusiness #passiveincome #wealthtalk