Corporate Taxation and U.S. Federal Tax Rates

Business Income Not Eligible for SBD – 2019

 

This document is up to date as of August 1, 2019 and reflects the status of legislation, including proposed amendments at this date.

 2019 % % combined
Federal 15.00
Provincial
Alberta 11.508 26.50
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 16.00 31.00
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 11.609 26.60
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

8 11% since July 1, 2019 (12% before that date; average rateof 11.5% for 2019). Rate reduced to 10%, to 9% then to 8% starting January 1, 2020, 2021 and 2022 respectively.
9 Since January 1, 2019 (11.7% before that date). Rate reduced to 11.5% in 2020.
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