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For PHSP eligibility, what type of income qualifies an owner to be considered an employee?

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For PHSP eligibility, what type of income qualifies an owner to be considered an employee?

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A shareholder must be engaged as an actual employee of the Company, which means that an owner must earn T4 income in order to enjoy the tax advantages of the PHSP. Investment income does not qualify. An owner’s income must be the result of time invested, not the product of money invested.

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