Jump to content

No active business income


Recommended Posts

I have a holding company that earns only investment income (interest, dividends, capital gains, rental). There is no active business income, but the uFile T2 interner version software assumes that we are entitled to the active income deduction on schedule 7, which is incorrect. Can i choose somewhere to say that none of our income is active business income? Where do i make this choice? Last year we were assessed this and it caused major delays.

Link to comment
Share on other sites

Hello timpepper,

UFile T2 does not support your type of corporation.

We do have a professional tax software and we invite you to contact us regarding our offering :


Sales Department

1 866 653-8629


DTMax Overview:



DTMax T2 :


Link to comment
Share on other sites

Thank you your response. 

Actually, I just figured out how to do it using UFile T2. In the Interview section, there is a heading called "Income Source". In that block, one can characterize previously reported income as "Other Property Income" which would then be included on Schedule 7 for purposes of excluding it from small business active income.

Thanks anyway, I'm sure that DTMax product is very good, albeit unnecessary for my needs.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...