70 /
Substantively Enacted
1
Income Tax Rates for Income Earned by a
General Corporation
2
for 2013 and Beyond—As at December 31, 2014
Substantively enacted as at December 31, 2014
Active Business
Income
2013
2014 and
beyond
Federal rates
General corporate rate
38.0%
38.0%
Federal abatement
(10.0)
(10.0)
28.0
28.0
Rate reduction
3
(13.0)
(13.0)
M&P deduction
4
0.0
0.0
Gross federal rate
15.0
15.0
Provincial rates
British Columbia
5
10.0/11.0%
11.0%
Alberta
10.0
10.0
Saskatchewan
12.0
12.0
Manitoba
12.0
12.0
Ontario
11.5
11.5
Quebec
11.9
11.9
New Brunswick
6
10.0/12.0
12.0
Nova Scotia
16.0
16.0
Prince Edward Island
16.0
16.0
Newfoundland and Labrador
14.0
14.0
Current as of December 31, 2014
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