60 /
Substantively Enacted
1
Income Tax Rates for Income Earned
by a CCPC
2
for 2013 and 2014—As at December 31, 2014
Small Business
Income
Active Business
Income
3
2013
2014
2013
2014
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
4
0.0
0.0
(13.0)
(13.0)
11.0
11.0
15.0
15.0
Provincial rates
British Columbia
5
2.5%
2.5%
10.0/11.0%
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
Quebec
6
8.0
8.0
11.9
11.9
New Brunswick
7
4.5
4.5
10.0/12.0
12.0
Nova Scotia
8
3.5
3.0
16.0
16.0
Prince Edward Island
9
1.0/4.5
4.5
16.0
16.0
Newfoundland and Labrador
10
4.0
4.0/3.0
14.0
14.0
Substantively enacted as at December 31, 2014
Current as of December 31, 2014
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