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 $500KCCPC Aggregate Investment Income (AII)General Rate for all other income
Basic38%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 Tax10%38.67%15%
Refundable Part I Tax (30.67) 
Federal Tax after Dividend Refund10%8%15%

Overview of 2017 Federal Corporate Tax Rates

 CCPC Active Business Income Eligible up to $500KCCPC Aggregate Investment Income (AII)General Rate for all other income
Basic38%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 Tax10.5%38.67%15%
Refundable Part I Tax (30.67) 
Federal Tax after Dividend Refund10.5%8%15%

Overview of 2018 Provincial Corporate Tax Rates

 CCPC Active Business Income Eligible up to $500KCCPC Aggregate Investment Income (AII)General Rate for all other income
Ontario3%11.5%11.5%
Newfoundland3%15%15%
Nova Scotia3%16%16%
New Brunswick3%14%14%
Prince Edward Island4.5%16%16%
Manitobanil12%12%
Saskatchewan & British Columbia2%12%12%
Nunavut4%12%12%
Northwest Territories 4%11.5%11.5%
Yukon2%12%12%

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