Chapter 5: Business/Self-employment Income
5.1 What are the differences and similarities between a sole-proprietorship, partnership, corporation, and trust?
5.2 How do you determine if something creates business income, property income or capital gain (loss)? Why is this distinction important? (6.3.2)
5.3 Why do we need to reconcile accounting/business income to taxable income? What are some common reconciling items?
5.4 What are the relevant sections of the ITA that deal with business income? Where does business income go in the S3 ordering rules?
