Is a business equally and wholly owned by two spouses considered to be related income for TOSI purposes?

[hsquaredx2]

The income is actually a loss in our case

[TurboTaxJennifer · Accepted solution]

If both spouses actively contribute to running the business, it's likely not TOSI eligible. TOSI applies to income from a business in which you don't actively participate.

Here's a link for more information on TOSI: https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-...