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Robin Ltd. is a corporation whose only business is providing accounting services for a fee to Faith Ltd., a large, privately owned, arms length corporation.

  1. Robin Ltd. is a corporation whose only business is providing accounting services for a fee to Faith Ltd., a large, privately owned, arm’s length corporation. Sarah and David are each 50% shareholders and the only employees of Robin Ltd. Prior to the incorporation of Robin Ltd., both Sarah and David were employed by Faith Ltd. in the accounting department. What type of income is Robin Ltd. earning?

A.
Active Business Income

B.
Property Income

C.
Specified Investment Business Income

D.
Personal Services Business Income

E.
None of the above

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