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Small Business Tax Tables2017-08-23T09:37:13-06:00

CORPORATE INCOME TAX RATES – COMBINED FEDERAL AND PROVINCIAL

Small Business Rate as of May 14, 2013
Based on Calendar Year-End

2010 2011 2012 2013 2014 Small Business Limit
Federal Only 11.00% 11.00% 11.00% 11.00% 11.00% $500,000
Alberta 14.00% 14.00% 14.00% 14.00% 14.00% $500,000
British Columbia 13.50% 13.50% 13.50% 13.50% 13.50% $500,000
Saskatchewan 15.50% 15.50% 13.00% 13.00% 13.00% $500,000
Manitoba 12.00% 11.00% 11.00% 11.00% 11.00% $400,000
Ontario 16.00% 15.50% 15.50% 15.50% 15.50% $500,000
Quebec 19.00% 19.00% 19.00% 19.00% 19.00% $500,000
New Brunswick 16.00% 16.00% 15.50% 15.50% 15.50% $500,000
Nova Scotia 16.00% 15.50% 15.00% 14.50% 14.50% $400,000
Prince Edward Island 12.28% 12.00% 12.00% 14.64% 15.50% $500,000
Newfoundland And Labrador 15.30% 15.00% 15.00% 15.00% 15.00% $500,000
Northwest Territories 15.00% 15.00% 15.00% 15.00% 15.00% $500,000
Nanavut 15.00% 15.00% 15.00% 15.00% 15.00% $500,000
Yukon 15.00% 15.00% 15.00% 15.00% 15.00% $500,000

Highlights

From 2009-2012, 3 provinces have a small business rate LOWER then Alberta

Nova Scotia’s small business rate deceased to 4% (from 4.5%) on January 1, 2012. The province’s 2012 budget announced a further reduction to 3.5%, effective January 1, 2013.

The above tax rates are for informational purposes only. Caution must be exercised with respect to the use of the information due to possible misinterpretation or misapplication of the tax rates.