Jan 5, 2017 – The Business Limit relates to income tax deductions available to Canadian corporations when filing Canadian corporate tax with the Canada Revenue Agency (CRA). The Business Limit is a set dollar amount that caps the amount of Small Business Deduction (SBD) a Canadian corporation may receive.

Jan 22, 2018 – Information and links to topics of interest to new businesses as well as small and medium businesses including setting up a business, tax information, important dates, audits and electronic services.

Jan 22, 2018 – Checklist for new small businesses … You can also get information on interactions between your business and the Canada Revenue Agency (CRA). … For income tax purposes, we define a business as an activity where there is a reasonable expectation of profit and there is evidence to support that …

For instance, according to the tax rates in effect as of January 1st, a corporation that qualified for the Small Business Deduction would pay income tax at the rate of 4.5% in Ontario, while corporations of other types in the same province would pay tax at a rate of 11.5%. See this chart from the Canada Revenue Agency to see …

Print. The small business deduction. Canadian-controlled private corporations (CCPCs) are entitled to claim a small business deduction on active business income (ABI) earned in Canada. Active business includes any business, as well as an adventure or concern in the nature of trade, but excludes: (i) a business that …