Corporate Tax Rates in Canada
Last updated: July 31, 2026
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%
|
15%
|
30%
|
|
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%
|
|
Ontario (effective July 1, 2026)
|
9%
|
2.2%
|
11.2%
|
|
Alberta
|
9%
|
2%
|
11%
|
|
BC
|
9%
|
2%
|
11%
|
|
Quebec
|
9%
|
3.2%
|
12.2%
|
|
Quebec (effective for tax years that begin after April 29, 2026)
|
9%
|
2.2%
|
11.2%
|
|
Nova Scotia
|
9%
|
1.5%
|
10.5%
|
|
Saskatchewan
|
9%
|
1%
|
10%
|
|
Manitoba
|
9%
|
0%
|
9%
|
|
New Brunswick
|
9%
|
2.5%
|
11.5%
|
|
PEI
|
9%
|
1%
|
10%
|
|
Newfoundland & Labrador (effective January 1, 2026)
|
9%
|
2%
|
11%
|
|
Newfoundland & Labrador (effective January 1, 2027)
|
9%
|
1.5%
|
10.5%
|
|
Newfoundland & Labrador (effective January 1, 2028)
|
9%
|
1%
|
10%
|
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 to discuss your best options and set up an appointment.
