[Verse 1] When a corporation earns its pay And shareholders want their share today Without integration we would see Double taxation hurting you and me The company pays tax on what it makes Then shareholders pay on what it takes But Canada found a better way To keep that double burden at bay [Chorus] Integration elimination, no double taxation Five hundred thousand is the line, small business time Section one-two-five will help you thrive General rate reduction when your business is alive Remember integration, avoid that double station Tax law navigation through the Canadian nation [Verse 2] Small business deduction comes to play On active income up to the day You hit five hundred thousand in receipts That's when the lower tax rate meets Eleven and two-thirds percent off your bill If your business qualifies still Active business income gets the break But passive income? That's a mistake [Chorus] Integration elimination, no double taxation Five hundred thousand is the line, small business time Section one-two-five will help you thrive General rate reduction when your business is alive Remember integration, avoid that double station Tax law navigation through the Canadian nation [Bridge] Twenty-eighteen brought a grinding change Passive income throws the range Fifty thousand starts the slide Your small business room will hide Five dollars lost for every ten Of passive income earned again [Verse 3] Tax on Split Income rules apply Section one-two-zero point four, don't cry TOSI stops the income splitting game When family members try to claim Reasonable return is the test they use Or business involvement you can't refuse Kiddie tax expanded past eighteen Toughest anti-avoidance rules you've seen [Chorus] Integration elimination, no double taxation Five hundred thousand is the line, small business time Section one-two-five will help you thrive General rate reduction when your business is alive Remember integration, avoid that double station Tax law navigation through the Canadian nation [Outro] From theory to practice, the system's designed To keep double taxation confined Small business thriving, integration driving Canadian tax law surviving
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