[Verse 1] Section three breaks down the blueprint clear Employment wages, business profit here Property dividends and rental streams Capital gains from selling dreams Four sources feeding income's well Plus other sources the Act will tell [Chorus] Employment, business, property, gains Stewart's test through logic's chains Source-based thinking guides the way Net income computed day by day Division C deductions fall Taxable income conquers all [Verse 2] Stewart case from two-thousand-two Personal pursuit or profit's due? Commercial activity must be real Not just a hobby with tax appeal Reasonable expectation gone Source exists when profit's drawn [Chorus] Employment, business, property, gains Stewart's test through logic's chains Source-based thinking guides the way Net income computed day by day Division C deductions fall Taxable income conquers all [Bridge] Aggregate the sources first Add them up from best to worst Subtract the losses where they fit Net income emerges from the pit Division C takes center stage RRSP and moving's wage [Verse 3] Ordering rules must be obeyed Deductions in their sequence played Loss carryovers find their place Personal exemptions show their face From net income to taxable Following rules unshakeable [Chorus] Employment, business, property, gains Stewart's test through logic's chains Source-based thinking guides the way Net income computed day by day Division C deductions fall Taxable income conquers all [Outro] Four sources feeding Canada's plan Stewart's wisdom guides your hand Net to taxable the journey flows Following where the structure goes
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