Tax Question: What are the corporate income tax rates for active business income across Canada in 2019?
Facts:
The table below outlines the Canadian corporate income tax rates for each province and territory as of January 1st, 2019.
Discussion:
| Combined Federal and Provincial / Territory Rates | Income eligible for small-business deduction (SBD) (up to $500,000) | General income not eligible for SBD |
| Manitoba | 9.0% | 27.0% |
| British Columbia | 11.0% | 27.0% |
| Alberta | 11.0% | 27.0% |
| Yukon | 11.0% | 27.0% |
| Saskatchewan | 11.0% | 27.0% |
| New Brunswick | 11.5% | 29.0% |
| Nova Scotia | 12.0% | 31.0% |
| Newfoundland and Labrador | 12.0% | 30.0% |
| Ontario | 12.5% | 26.5% |
| Prince Edward Island | 12.5% | 31.0% |
| Northwest Territories | 13.0% | 26.5% |
| Quebec | 15.0% | 26.6% |
| Non-resident / Not in a province | N/A | 25.0% |
Dawn Loeffler, BA (Hons), CPA, CA
Manager, Gilmour Group CPA’s
Email: faqs@gilmour.ca
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