Corporate Taxation and U.S. Federal Tax Rates
Investment Income¹ – 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 |
% RDTOH2 |
|---|---|---|---|
| Federal | 38.673 | ||
| Provincial | |||
| Alberta | 8.004 | 46.67 | 30.67 |
| British Columbia | 12.00 | 50.67 | 30.67 |
| Manitoba | 12.00 | 50.67 | 30.67 |
| New Brunswick | 14.00 | 52.67 | 30.67 |
| Newfoundland and Labrador | 15.00 | 53.67 | 30.67 |
| Northwest Territories | 11.50 | 50.17 | 30.67 |
| Nova Scotia | 14.005 | 52.67 | 30.67 |
| Nunavut | 12.00 | 50.67 | 30.67 |
| Ontario | 11.50 | 50.17 | 30.67 |
| Prince Edward Island | 16.00 | 54.67 | 30.67 |
| Quebec | 11.50 | 50.17 | 30.67 |
| Saskatchewan | 12.00 | 50.67 | 30.67 |
| Yukon | 12.00 | 50.67 | 30.67 |
1 Investment income includes interest, taxable capital gains and other property income, but not deductible dividends. 2 Investment income of CCPCs gives rise to refundable dividend tax on hand (RDTOH) of 30.67%. This income tax is refundable at the rate of 38.33% when taxable dividends are paid. For taxation years started after 2018, the RDTOH is allocated between two separate accounts (eligible and non-eligible) refundable based on the nature of the dividend paid by the corporation. 3 15% rate for non-CCPCs. 4 Since July 1, 2020 (10% before that date). 5 Since April 1, 2020 (16% before that date).
This document is up to date as of August 1, 2021 and reflects the status of legislation, including proposed amendments at this date.
Investment Income¹ – 2021
Corporate Taxation and U.S. Federal Tax Rates
