Income Tax Act — I-3.3 125
hich the corporation deals at arm’s length, or (II) partnerships (other than the particular partnership) with which the corporation deals at arm’s length, other than a partnership in which a person that does not deal at arm’s length with the corporation holds a direct or indirect interest; ( associé désigné ) income of the corporation for the year from an active business means the total of (a) the corporation’s income for the year from an active business carried on by it including any income for the year pertaining to or incident to that business, other than income for the year from a source in Canada that is a property (within the meaning assigned by subsection 129(4)), and (b) the amount, if any, included under subsection 12(10.2) in computing the corporation’s income for the year; ( revenu de la société pour l’année provenant d’une entreprise exploitée activement ) personal services business carried on by a corporation in a taxation year means a business of providing services where (a) an individual who performs services on behalf of the corporation (in this definition and paragraph 18(1)(p) referred to as an “incorporated employee”), or (b) any person related to the incorporated employee is a specified shareholder of the corporation and the incorporated employee would reasonably be regarded as an officer or employee of the person or partnership to whom or to which the services were provided but for the existence of the corporation, unless (c) the corporation employs in the business throughout the year more than five full-time employees, or (d) the amount paid or payable to the corporation in the year for the services is received or receivable by it from a corporation with which it was associated in the year; ( entreprise de prestation de services personnels ) specified cooperative income [Repealed, 2019, c. 29, s. 22] specified corporate income, of a corporation for a taxation year, means the lesser of (a) the lesser of (i) the total of all amounts each of which is income (other than specified farming or fishing income of the corporation for the year) from an active business of the corporation for the year from the provision of services or property to a private corporation (directly or indirectly, in any manner whatever) if (A) at any time in the year, the corporation (or one of its shareholders) or a person who does not deal at arm’s length with the corporation (or one of its shareholders) holds a direct or indirect interest in the private corporation, and (B) it is not the case that all or substantially all of the corporation’s income for the year from an active business is from the provision of services or property to (I) persons (other than the private corporation) with which the corporation deals at arm’s length, or (II) partnerships with which the corporation deals at arm’s length, other than a partnership in which a person that does not deal at arm’s length with the corporation holds a direct or indirect interest, and (ii) the total of all amounts each of which is the portion, if any, of the business limit of a private corporation described in subparagraph (i) for a taxation year that the private corporation assigns to the corporation under subsection (3.2), and (b) an amount that the Minister determines to be reasonable in the circumstances; ( revenu de société déterminé ) specified farming or fishing income , of a particular corporation for a taxation year, means income of the particular corporation (other than an amount included in the particular corporation’s income under subsection 135(7)), if (a) the income is from the sale of the farming products or fishing catches of the particular corporation’s farming or fishing business to another corporation, and (b) the particular corporation deals at arm’s length with the other corporation; ( revenu d’agriculture ou de pêche déterminé ) specified investment business , carried on by a corporation in a taxation year, means a business (other than a business carried on by