Corporate Taxation and U.S. Federal Tax Rates

Business Income Not Eligible for SBD – 2020

This document is up to date as of September 3, 2020 and reflects the status of legislation, including proposed amendments at this date.

 2020 % % combined
Federal 15.00
Provincial
Alberta 9.009 24.00
British Columbia 12.00 27.00
Manitoba 12.00 27.00
New Brunswick 14.00 29.00
Newfoundland and Labrador 15.00 30.00
Northwest Territories 11.50 26.50
Nova Scotia 14.5010 29.50
Nunavut 12.00 27.00
Ontario
without MPP / with MPP 11.50 / 10.00 26.50 / 25.00
Prince Edward Island 16.00 31.00
Quebec 11.5011 26.50
Saskachewan
without MPP / with MPP 12.00 / 10.00 27.00 / 25.00
Yukon
without MPP / with MPP 12.00 / 2.50 27.00 / 17.50

9 Rate reduced to 8% since July 1, 2020 (10% before that date; average rate of 9% in 2020).
10 Rate reduced to 14% since April 1, 2020 (16% before that date; average rate of 14.5% in 2020)
11 Since January 1, 2020 (11.6% before that date).
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