M&P
Income
Investment
Income
6
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
Rate reduction
7
0.0
0.0
0.0
0.0
M&P deduction
8
(13.0)
(13.0)
0.0
0.0
Refundable Tax
0.0
0.0
6.7
6.7
15.0
15.0
34.7
34.7
Provincial rates
British Columbia
9
10.0%
10.0/11.0%
10.0%10.0/11.0%
Alberta
10.0
10.0
10.0
10.0
Saskatchewan
10.0
10.0
12.0
12.0
Manitoba
12.0
12.0
12.0
12.0
Ontario
10.0
10.0
11.5
11.5
Québec
11.9
11.9
11.9
11.9
New Brunswick
10
10.0
10.0/12.0%
10.0
10.0/12.0%
Nova Scotia
16.0
16.0
16.0
16.0
Prince Edward Island
16.0
16.0
16.0
16.0
Newfoundland and Labrador
5.0
5.0
14.0
14.0
Substantively Enacted Income Tax Rates for Income Earned by a CCPC
/ 59
Substantively enacted as at September 30, 2013
Current as of September 30, 2013
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