Combined Federal and Provincial/Territorial Tax Rates for Income Earned by a General Corporation / 67
(5) British Columbia’s general corporate tax rate increased to 11% (from 10%) effective
April 1, 2013.
(6) Saskatchewan introduced a tax rebate in 2012 that generally reduces the general
corporation income tax rate on income earned from the rental of newly constructed
qualifying multi-unit residential projects by 10%. The rebate is generally available for a
period of 10 consecutive years for rental housing that is registered under a building permit
dated on or after March 21, 2012 and before January 1, 2014, and available for rent before
the end of 2016.
(7) New Brunswick’s general corporate tax rate increased to 12% (from 10%) effective
July 1, 2013.
(8) The Yukon Territory provides a manufacturing and processing tax credit that effectively
reduces the corporate tax rate on the corporation’s Canadian manufacturing and
processing profits earned in the year in the Yukon to 2.5%.
Current as of September 30, 2013
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