Overview of Federal & Provincial Corporate Tax Rates
Overview of 2018 Federal Corporate Tax Rates
Overview of 2018 Federal Corporate Tax Rates (Effective January 1, 2018)
| CCPC Active Business Income Eligible up to $500K | CCPC Aggregate Investment Income (AII) | General Rate for all other income | |
| Basic | 38% | 38% | 38% |
| Provincial Abatement | (10) | (10) | (10) |
| Small Business Deduction | (18) | ||
| Manufacturing & Processing (M&P) Deduction or General Rate Reduction | (13) | ||
| Additional Refundable Tax | 10.67 | ||
| Total Federal Part I Tax | 10% | 38.67% | 15% |
| Refundable Part I Tax | (30.67) | ||
| Federal Tax after Dividend Refund | 10% | 8% | 15% |
Overview of 2017 Federal Corporate Tax Rates
| CCPC Active Business Income Eligible up to $500K | CCPC Aggregate Investment Income (AII) | General Rate for all other income | |
| Basic | 38% | 38% | 38% |
| Provincial Abatement | (10) | (10) | (10) |
| Small Business Deduction | (17.5) | ||
| Manufacturing & Processing (M&P) Deduction or General Rate Reduction | (13) | ||
| Additional Refundable Tax | 10.67 | ||
| Total Federal Part I Tax | 10.5% | 38.67% | 15% |
| Refundable Part I Tax | (30.67) | ||
| Federal Tax after Dividend Refund | 10.5% | 8% | 15% |
Overview of 2018 Provincial Corporate Tax Rates
| CCPC Active Business Income Eligible up to $500K | CCPC Aggregate Investment Income (AII) | General Rate for all other income | |
| Ontario | 3% | 11.5% | 11.5% |
| Newfoundland | 3% | 15% | 15% |
| Nova Scotia | 3% | 16% | 16% |
| New Brunswick | 3% | 14% | 14% |
| Prince Edward Island | 4.5% | 16% | 16% |
| Manitoba | nil | 12% | 12% |
| Saskatchewan & British Columbia | 2% | 12% | 12% |
| Nunavut | 4% | 12% | 12% |
| Northwest Territories | 4% | 11.5% | 11.5% |
| Yukon | 2% | 12% | 12% |