[Verse 1] When a corporation earns its daily bread Revenue flows through channels overhead Active business versus passive streams Property income splits the seams Rental payments, interest gains Different buckets, different chains [Chorus] Business income climbs the ladder Property income gets much fatter Deduct what's reasonable and true Profit calculation's calling you Sections nine through thirty-seven Business fundamentals, accounting heaven [Verse 2] Capital expenditures won't disappear They depreciate year after year Current expenses hit today Meals and entertainment? Fifty percent they pay Home office costs must allocate Personal use can't participate [Chorus] Business income climbs the ladder Property income gets much fatter Deduct what's reasonable and true Profit calculation's calling you Sections nine through thirty-seven Business fundamentals, accounting heaven [Bridge] Inventory methods FIFO flow LIFO's banned, weighted average grows Bad debts written, reserves denied Prepaid expenses must divide Source deductions, matching principle Income recognition's never simple [Verse 3] Adventure, concern in nature of trade Business income classification's made Profit motive drives the test Frequency and commonality blessed Integration with other streams Validates your business schemes [Final Chorus] Business income climbs the ladder Property income gets much fatter Deduct what's reasonable and true Profit calculation's calling you Sections nine through thirty-seven CPA knowledge, accounting heaven [Outro] Calculate the bottom line Business income's by design
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