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.

e) Corporation BB earns consulting income from services provided to ABC Ltd. Sammy

is the sole shareholder and the only employee of BB Ltd. Sammy was previously

employed by ABC Ltd. as VP operations.

f) Corporation CC earns interest income on a loan to an associated corporation that

carries on an active business.