If we have an incorporated client that is a PSB (Personal Service Business), how can we define that corporation as a PSB in TaxCycle?
On the info tab on the Identification section, for the “Corporate type at the end of the tax year” question, I see 1) CCPC, 2) Other private corporation, 3) Public, 4) Controlled by Public company, 5) Other corporation and 6) AB professional.
Do I need to select 2 or 5 from the above? (My guess is 2)
Any other thing to check or do?