Corporate Taxation and U.S. Federal Tax Rates
Investment Income¹ – 2023
This document is up to date as of August 31, 2023 and reflects the status of legislation, including proposed amendments at this date.
For rates in 2024, consult this pdf.
| 2023 | % | % Combined |
% RDTOH2 |
|---|---|---|---|
| Federal | 38.673 | ||
| Provincial | |||
| Alberta | 8.00 | 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 | 14.00 | 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. 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.
This document is up to date as of August 31, 2023 and reflects the status of legislation, including proposed amendments at this date.
Investment Income¹ – 2023
Corporate Taxation and U.S. Federal Tax Rates
