What are the corporate income tax rates for active business income across Canada in 2018?
The table below outlines the Canadian corporate income tax rates for each province and territory as at January 1, 2018.
|Combined Federal and Provincial / Territory Rates||Income eligible for small-business deduction (SBD) (up to $500,000)||General income not eligible for SBD|
|Manitoba||10.0% (up to $450k) /
|New Brunswick||13.0% (prior April 1/18) /
12.50% (after March 31/18)
|Prince Edward Island||14.5%||31.0%|
|Newfoundland and Labrador||13.0%||30.0%|
Angela Hardbattle, Dipl. T (Hons), CPA, CA, Manager
Manager, Gilmour Group CPA’s
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