54 /
Federal and Provincial/Territorial Tax Rates for Income Earned
by a CCPC Effective January 1, 2014
1
Refer to notes on the following pages.
All rates must be prorated for taxation years that straddle the effective date of the rate
changes.
Small
Business
Income
up to
$425,000
2
Small
Business
Income
Between
$425,000 and
$500,000
2
Active
Business
Income
3
Investment
Income
4
Federal rates
General corporate rate
38.0%
38.0%
38.0%
38.0%
Federal abatement
(10.0)
(10.0)
(10.0)
(10.0)
28.0
28.0
28.0
28.0
Small business deduction
5
(17.0)
(17.0)
0.0
0.0
Rate reduction
6
0.0
0.0
(13.0)
0.0
Refundable tax
7
0.0
0.0
0.0
6.7
11.0
11.0
15.0
34.7
Provincial rates
British Columbia
8
2.5%
2.5%
11.0%
11.0%
Alberta
3.0
3.0
10.0
10.0
Saskatchewan
9
2.0
2.0
12.0
12.0
Manitoba
10
0.0
12.0
12.0
12.0
Ontario
4.5
4.5
11.5
11.5
Québec
8.0
8.0
11.9
11.9
New Brunswick
11
4.5
4.5
12.0
12.0
Nova Scotia
12
3.0/16.0
16.0
16.0
16.0
Prince Edward Island
13
4.5
4.5
16.0
16.0
Newfoundland and Labrador
4.0
4.0
14.0
14.0
Territorial rates
Yukon
14
4.0
4.0
15.0
15.0
Northwest Territories
4.0
4.0
11.5
11.5
Nunavut
4.0
4.0
12.0
12.0
Current as of September 30, 2013
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