Corporate Tax Rates Across Canada in 2019

May 7, 2019

Tax Question:

What are the corporate income tax rates for active business income across Canada in 2019?

Facts:

The table below outlines the Canadian corporate income tax rates for each province and territory as of January 1st, 2019.

Discussion:

Combined Federal and Provincial / Territory RatesIncome eligible for small-business deduction (SBD) (up to $500,000)General income not eligible for SBD
Manitoba9.0%27.0%
British Columbia11.0%27.0%
Alberta11.0%27.0%
Yukon11.0%27.0%
Saskatchewan11.0%27.0%
New Brunswick11.5%29.0%
Nova Scotia12.0%31.0%
Newfoundland and Labrador12.0%30.0%
Ontario12.5%26.5%
Prince Edward Island12.5%31.0%
Northwest Territories13.0%26.5%
Quebec15.0%26.6%
Non-resident / Not in a provinceN/A25.0%

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Canadian and foreign tax laws are complex and have a tendency to change on a frequent basis. As such, the content published above is believed to be accurate as of the date of this post. Before implementing any tax planning, please seek professional advice from a qualified tax professional. Empire, Chartered Professional Accountants will not accept any liability for any tax ramifications that may result from acting based on the information contained above.

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