Corporate tax rates across Canada in 2018

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Angela Hardbattle
Angela Hardbattle

Tax Question:

What are the corporate income tax rates for active business income across Canada in 2018?

Facts:

The table below outlines the Canadian corporate income tax rates for each province and territory as at January 1, 2018.

Discussion:

Combined Federal and Provincial / Territory Rates Income eligible for small-business deduction (SBD) (up to $500,000) General income not eligible for SBD
Alberta 12.0% 27.0%
Yukon 12.0% 27.0%
Northwest Territories 14.0% 26.5%
Saskatchewan 14.0% 27.0%
British Columbia 12.0% 27.0%
Manitoba 10.0% (up to $450k) /
22.0% ($450k-$500k)
27.0%
Ontario 18.0% 26.5%
Quebec 18.0% 26.7%
New Brunswick 13.0% (prior April 1/18) /
12.50% (after March 31/18)
29.0%
Nova Scotia 13.0% 31.0%
Prince Edward Island 14.5% 31.0%
Newfoundland and Labrador 13.0% 30.0%
Non-resident N/A 25.0%

 

Angela Hardbattle, Dipl. T (Hons), CPA, CA, Manager

Manager, Gilmour Group CPA’s
Email: faqs@gilmour.ca

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