[Verse 1] Sarah runs a bakery, makes her bread each day Tom collects apartment rent from tenants who pay Business income flows from work and enterprise Property income sits and generates its prize Canderel taught us profits need a proper test Matching revenues with costs works the very best [Chorus] Subdivision B, the income tree Business branches, property leaves Section sixty-seven keeps it reasonable and true Eighteen limits what you can deduct, it's nothing new Twenty gives you capital cost allowance every year Income calculation, crystal clear [Verse 2] Inventory valuation, pick your method well FIFO, LIFO, average cost will tell Home office expenses need that space exclusive Vehicle logs and mileage, records so conclusive Reasonable and necessary, that's the golden rule Section eighteen limitations, learn them like a school [Chorus] Subdivision B, the income tree Business branches, property leaves Section sixty-seven keeps it reasonable and true Eighteen limits what you can deduct, it's nothing new Twenty gives you capital cost allowance every year Income calculation, crystal clear [Bridge] Rental income minus expenses paid Repairs are current, improvements get delayed Capital cost allowance depreciates with time Match the fiscal period, keep your books in line [Verse 3] Personal use portions must be carved away Business meals at fifty percent, that's what you pay Capital versus current, timing makes the call Well-established principles apply to one and all [Chorus] Subdivision B, the income tree Business branches, property leaves Section sixty-seven keeps it reasonable and true Eighteen limits what you can deduct, it's nothing new Twenty gives you capital cost allowance every year Income calculation, crystal clear [Outro] From corner stores to rental towers Subdivision B has all the powers Business income, property too Canadian tax law, tried and true
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