CORPORATE INCOME
TAX RATES (FEDERAL AND ONTARIO)
| |
|
Federal
Rate |
|
Provincial |
|
Total
Tax Rate |
Canadian
Private, active business on income from $0 - $500,000 (* $500,000
for Ontario tax)
|
|
11.00% |
|
*
4.5% |
|
15.5% |
| General
Active Business Income |
|
15% |
|
11.5% |
|
26.5% |
| Investment
income, before refundable amount ( ** ) |
|
34.7% |
|
11.5% |
|
46.2% |
The
above table is for general interest purposes only. It is not
a thoroughly detailed and precise presentation of every rate
and variant, and should not be used for serious planning purposes.
It presents Federal and Provincial rates in effect at January
1, 2013.
(
** ) A portion of tax paid at this higher rate is refundable at
the time the corporation pays taxable dividends if income was earned
from investments.
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