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. … As of January 1, 2016, the small business deduction provides for a 10.5% federal tax rate on a CCPC's ABI.

Dec 30, 2017 – Income Tax Deductions for Canadian Small Businesses You May Have Missed. … Here are eight income tax deductions that many Canadian small business owners overlook. … Most Canadian small business owners are aware of the Home Business Tax Deduction.

Feb 14, 2018 – TaxTips.ca – $800000+ (indexed) lifetime capital gains exemption; Qualified small business corporation (SBC) shares; Qualified farm property; Qualified fishing property; Cumulative net investment loss (CNIL)

Sep 26, 2017 – As a Canadian small business owner, you can take advantage of various business-related expenditures integral to your business operation by claiming tax deductions against … Give yourself a tax break — these business expenses are all eligible for tax exemptions to small business owners in Canada: …