Corporate Tax Rates


2016 Corporate Income Tax Rates

Active Business Income

Investment
Income

General

Rate

CCPC

Rate

Income
Limit

Federal

15%

10.5% $500,000

38.7%

Alberta

12%

3% $500,000

12%

BC

11%

2.5% $500,000

11%

Manitoba

12%

0% $450,000

12%

New Brunswick

12% / 14% 4% $500,000

12% / 14%

Newfoundland & Labrador

15%

3% $500,000

15%

Nova Scotia

16%

3% $350,000

16%

Northwest Territories

11.5%

4% $500,000

11.5%

Nunavut

12% 4% $500,000

12%

Ontario

11.5%

4.5% $500,000

11.5%

Prince Edward Island

16%

4.5% $500,000

16%

Quebec

11.9%

8% $500,000

11.9%

Saskatchewan

12%

2% $500,000

12%

Yukon

15%

3% $500,000

15%

The general corporate tax rate applies to active business

income in excess of the Income limit.