58 /
Substantively Enacted
1
Income Tax Rates for Income Earned
by a CCPC
2
for 2012 and Beyond— As at September 30, 2013
Small Business
Income
Active Business
Income
3
2012
2013 and
Beyond
2012
2013 and
Beyond
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
(17.0)
(17.0)
0.0
0.0
Rate reduction
7
0.0
0.0
(13.0)
(13.0)
11.0
11.0
15.0
15.0
Provincial rates
British Columbia
9
2.5%
2.5%
10.0%
10.0/11.0%
Alberta
3.0
3.0
10.0
10.0
Saskatchewan
2.0
2.0
12.0
12.0
Manitoba
0.0
0.0
12.0
12.0
Ontario
4.5
4.5
11.5
11.5
Québec
8.0
8.0
11.9
11.9
New Brunswick
10
4.5
4.5
10.0
10.0/12.0
Nova Scotia
4
4.0
3.5/3.0
16.0
16.0
Prince Edward Island
5
1.0
1.0/4.5
16.0
16.0
Newfoundland and Labrador
4.0
4.0
14.0
14.0
Substantively enacted as at September 30, 2013
Current as of September 30, 2013
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