56 /
Federal and Provincial/Territorial Tax Rates for Income Earned
by a CCPC Effective January 1, 2014 and 2015
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
2.5%
2.5%
11.0%
11.0%
Alberta
3.0
3.0
10.0
10.0
Saskatchewan
8
2.0
2.0
12.0
12.0
Manitoba
9
0.0
12.0
12.0
12.0
Ontario
4.5
4.5
11.5
11.5
Quebec
8.0
8.0
11.9
11.9
New Brunswick
10
4.5/4.0
4.5/4.0
12.0
12.0
Nova Scotia
11
3.0/16.0
16.0
16.0
16.0
Prince Edward Island
4.5
4.5
16.0
16.0
Newfoundland and
Labrador
12
4.0/3.0
4.0/3.0
14.0
14.0
Territorial rates
Yukon
13
4.0/3.0
4.0/3.0
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 December 31, 2014
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affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.