A personal services business is a type of business that is classified as personal service income and is also the type of tax classification as listed by the Canadian Revenue Agency. PERSONAL SERVICES BUSINESS CRA KD PROFESSIONALIn this type of business, there is no commodity or physical product being traded. Instead, the business purely relies on professional services being given to clients that require their particular expertise on certain matters. People classified as such are lawyers, doctors, accountants, contractors, and other professional business service like coaching, training, and consultation also falls under personal services business.
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