Corporate Taxation and U.S. Federal Tax Rates

Business Income Not Eligible for SBD – 2021

This document is up to date as of August 1, 2021 and reflects the status of legislation, including proposed amendments at this date.

 2021 % % combined
Federal 15.00
Provincial
Alberta 8.009 23.00
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 14.0010 29.00
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 11.50 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 Since July 1, 2020 (10% before that date).
10 Since April 1, 2020 (16% before that date).
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