Can I enter more than one corporation or a family trust?
Where to find it: CCPC PROFILE / CCPC REVENUES
The ordinary household profile supports one CCPC for the person or couple. The Own a small business option does not add an unlimited list of corporations, and the CCPC model is not a general family-trust model.
You may have a separate holding company to hold the investments that generate passive income. This is usually done to preserve the CCPC shareholder’s eligibility to the Lifetime Capital Gains Exemption (LTCGE), which the MoneyReady App does not yet consider. For the app, it is not necessary to separate the companies. The results shown for the CCPC will be a combination of the results of the operating plus the holding company.
If you are receiving income from a trust, you can enter it as INCOME. Select type Other then specify its tax treatment.