With regard to the most recent Canada Revenue Agency (CRA) compliance test on small businesses with regard to active vs. passive income: (a) what date did the compliance test (i) begin, (ii) end; (b) how many small businesses were (i) assessed in this test, (ii) determined to owe a greater amount to the CRA than initially assessed, (iii) determined to owe a lesser amount than initially assessed; (c) how were these small businesses selected for assessment; (d) how many of the businesses assessed were (i) campgrounds, (ii) self-storage facilities, (iii) from other sectors, as broken down by the North American Industry Classification System; (e) what conclusions, if any, were reached about (i) the CRA’s interpretation of the rules regarding “active” and “passive” income of the small businesses involved, (ii) the application of the CRA’s interpretation of the rules regarding the eligibility of the small businesses involved to receive the small business tax deduction; (f) what other conclusions were reached; and (g) what standards were used to determine whether a small business (i) provided a sufficient number of services for its generated income to be considered active, (ii) engaged or hired a sufficient number of year-round full-time employees for its generated income to be considered active?
In the House of Commons on September 18th, 2017. See this statement in context.