Corporate Tax Rates in Canada
Tax Rates for Active Business Income Earned by a General Corporation or over the small business deduction limit for a CCPC:
Province |
Federal Tax |
Provincial Tax |
Combined Tax |
Ontario |
15% |
11.5% |
26.5% |
Alberta |
15% |
8% |
23% |
BC |
15% |
12% |
27% |
Quebec |
15% |
11.5% |
26.5% |
Nova Scotia |
15% |
14% |
29% |
Saskatchewan |
15% |
12% |
27% |
Manitoba |
15% |
12% |
27% |
New Brunswick |
15% |
14% |
29% |
PEI |
15% |
16% |
31% |
Newfoundland & Labrador |
15% |
15% |
30% |
Tax Rates for Active Business Income Earned by a CCPC up to the small business deduction limit:
Province |
Federal Tax |
Provincial Tax |
Combined Tax |
Ontario |
9% |
3.2% |
12.2% |
Alberta |
9% |
2% |
11% |
BC |
9% |
2% |
11% |
Quebec |
9% |
3.2% |
12.2% |
Nova Scotia |
9% |
2.5% |
11.5% |
Saskatchewan |
9% |
1% |
10% |
Manitoba |
9% |
0% |
9% |
New Brunswick |
9% |
2.5% |
11.5% |
PEI |
9% |
1% |
10% |
Newfoundland & Labrador |
9% |
3% |
12% |
The above information is of a general nature only and should not be relied upon for specific situations. Call Marlies Y Hendricks, CPA at 416-766-3941 or submit email enquiry form below to set up a consultation.