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Personal Taxes
Tax Planning

Business and Corporate Taxes


CORPORATE INCOME TAX RATES (FEDERAL AND ONTARIO)

   
Federal Rate
Provincial
Total Tax Rate
Canadian Private, active business on income from $0 - $500,000 (* $500,000 for Ontario tax)
 
11.00%
* 4.5%
15.5%
General Active Business Income  
15%
11.5%
26.5%
Investment income, before refundable amount ( ** )  
34.7%
11.5%
46.2%

The above table is for general interest purposes only. It is not a thoroughly detailed and precise presentation of every rate and variant, and should not be used for serious planning purposes. It presents Federal and Provincial rates in effect at January 1, 2013.

( ** ) A portion of tax paid at this higher rate is refundable at the time the corporation pays taxable dividends if income was earned from investments.

 

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