Corporate Taxation and U.S. Federal Tax Rates
Business Income Not Eligible for SBD – 2023
This document is up to date as of August 31, 2023 and reflects the status of legislation, including proposed amendmentsat this date.
For rates in 2024, consult this pdf.
| 2023 | % | % combined |
|---|---|---|
| Federal | 15.006 | |
| Provincial | ||
| Alberta | 8.00 | 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 | 14.00 | 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 |
| Saskatchewan: 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 |
6 Rate of 7.5% on zero-emission technology manufacturing income. The rate is increased gradually as of 2032.
This document is up to date as of August 31, 2023 and reflects the status of legislation, including proposed amendments at this date.
Business Income Not Eligible for SBD – 2023
Corporate Taxation and U.S. Federal Tax Rates
