Earned Income for an Incorporated Business Owner or Partner

An incorporated business is one which is partly or wholly owned by you and in which you are working full or part-time. Earned Income for an incorporated business owner or partner means the sum of :

  • salary, wages, fees or other remuneration from employment; commissions, less any employment expenses that are deductible from income under the Income Tax Act (Canada)
  • your share of annual pre-tax corporate profits

Earned Income does not include income from pension plans, retirement plans, profit-sharing plans, stock savings plans, deferred compensation plans, insurance policies and annuities, interest, rents, royalties and investment income or any other form's) of income which does not depend on you engaging in an occupation.

To calculate your earned income, please proceed with step 2:

Step 2 - Earned Income Calculation

1.  Current Gross Income (before taxes) ($) 
2.  Annual Dividends ($) 
3.  Income / Benefits (from your employer in addition to income/dividends) ($)