Corporate Taxation and U.S. Federal Tax Rates
Investment Income¹ – 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 |
% RDTOH2 |
|---|---|---|---|
| Federal | 38.673 | ||
| Provincial | |||
| Alberta | 11.504 | 50.17 | 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 | 16.00 | 54.67 | 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 | 11.605 | 50.27 | 30.67 |
| Saskatchewan | 12.00 | 53.67 | 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 11% since July 1, 2019 (12% before that date; average rate of 11.5% for 2019). Rate reduced to 10%, to 9% then to 8% starding January 1, 2020, 2021 and 2022 respectively. 5 Since January 1, 2019 (11.7% before that date). Rate reduced to 11.5% in 2020.
This document is up to date as of August 1, 2019 and reflects the status of legislation, including proposed amendments at this date.
Investment Income¹ – 2019
Corporate Taxation and U.S. Federal Tax Rates
