General federal rate (before deductions). 28. Less: general rate reduction or. M&P deduction1, 2. 8.5. 9. 10. 11.5. 13. General federal and M&P rate. 19.5. 19. 18. 16.5. 15. Canadian– controlled private corporations. (CCPCs). Threshold. Small business deduction threshold3. $400,000. $500,000. Active business income up to.

Feb 7, 2017 – Federal rates. The basic rate of Part I tax is 38% of your taxable income, 28% after federal tax abatement. After the general tax reduction, the net tax rate is 15%. For Canadian-controlled private corporations claiming the small business deduction, the net tax rate is 10.5%.

In Canada, the small business tax rate is the tax rate paid by a small business. As of 2016, the small business tax rate is 10.5%. Definitions[edit]. A small business in Canada is defined as a Canadian-based corporation with less than 100 employees and under $500,000 in annual income. The general corporate tax rate is …

1. Corporate income tax rates (%)1. Updated to August 1, 2015. 2010. 2011. 2012. 2013. 2014. 2015. 2016. Federal2, 16. General/M&P/Investment. 18.00. 16.50. 15.00. 15.00. 15.00. 15.00. 15.00. Small business. 11.00. 11.00. 11.00. 11.00. 11.00. 11.00. 10.50. Investment – CCPC. 34.67. 34.67. 34.67. 34.67. 34.67. 34.67.

A quick way to access the past and current tax rate tables for individuals and corporations. … Please refer to our tables below for federal, provincial and territorial tax rates in effect for individuals and corporations, as well as annual contributions to deferred income plans and international tax … 2014 Canadian tax rate tables.

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