I have an incorporated company and the main business activity is consulting. But, I do have some investment income within the corporation (dividend income). I am completing a T2 form. How does the T2 recognize the income as passive income - is there a form to be completed to identify the income as "passive income"?
You need to fill in the amount of the passive income on schedule 7. It isn't automatic on professional grade software, so I don't expect it will self-fill in Turbotax.
You need to fill in the amount of the passive income on schedule 7. It isn't automatic on professional grade software, so I don't expect it will self-fill in Turbotax.
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