Determine the type of business income being earned by each of the following

Canadian-controlled private corporations.

(ie Is it Active business income (ABI) or a specified investment business (SIB) or a

personal services business (PSB)?).

a) Corporation X earns interest and dividends from numerous Canadian corporations.

Corporation X employs three full-time employees.

b) Corporation Y earns rental income from leasing automobiles.

c) Corporation Z carries on a wholesaling business. In the current year Corporation Z

earned interest income on overdue accounts receivable in addition to income from the

wholesaling business.

d) Corporation AA earns interest income from numerous sources. Corporation AA

employs 10 full-time employees.