Corporate Tax
Rates presented are at combined Federal and Ontario provincial.
Active Small Business – The active small business rate applies to corporations that are CCPCs throughout the year and whom may claim the small business deduction (SBD).
General – The general corporate tax rate applies to active business income earned in excess of the business limit, which is $500k in Ontario.
Investment Income – The combined rates shown in the table apply to investment income earned by general corporations other than capital gains and dividends received from Canadian corporations. The rates that apply to capital gains are one-half of those shown in the tables. Dividends received from Canadian corporations are deductible in computing regular Part I Tax but may be subject to Part IV tax.
