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Notes

(1) The federal and provincial tax rates shown in the tables apply to income earned by 

corporations other than Canadian-controlled private corporations (CCPCs). A general 

corporation typically includes public companies and their subsidiaries, that are resident in 

Canada, and Canadian-resident private companies that are controlled by non-residents.  

For tax rates applicable to CCPCs, see the tables "Federal and Provincial/Territorial Tax 

Rates for Income Earned by a CCPC Effective January 1, 2013 and 2014" and "Combined 

Federal and Provincial/Territorial Tax Rates for Income Earned by CCPC Effective January 1, 

2013 and 2014".

(2) The federal and provincial tax rates shown in the tables apply to investment income earned 

by general corporations other than capital gains and dividends received from Canadian 

corporations. The rates that apply to capital gains are one-half of the rates shown in the 

tables. Dividends received from Canadian corporations are deductible in computing regular 

Part I tax, but may be subject to Part IV tax, calculated at a rate of 33

1

/

3

%.

(3) Corporations that derive at least 10% of their gross revenue for the year from 

manufacturing or processing goods in Canada for sale or lease can claim the manufacturing 

and processing (M&P) deduction against their M&P income. General corporations that earn 

income from M&P activities are subject to the same rates as those that apply to CCPCs.

(4) A general tax rate reduction is available on qualifying income. Income that is eligible for 

other reductions or credits, such as small business income, M&P income, and investment 

income subject to the refundable provisions, is not eligible for this rate reduction. The 

general rate reduction does not apply to the portion of the taxable income of a corporation 

earned from a “personal services business” for taxation years that begin after October 31, 

2011.

Combined Federal and Provincial/Territorial Tax Rates for Income  

Earned by a General Corporation—2013 and 2014

Current as of September 30, 2013

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