Tax Tables

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General Corporate Income Tax Rates – Combined Federal and Provincial

Based on Calendar Year-End

2021 2022
Federal 15.00% 15.00%
Alberta 23.00% 23.00%
British Columbia 27.00% 27.00%
Saskatchewan 27.00% 27.00%
Manitoba 27.00% 27.00%
Ontario 26.50% 26.50%
Quebec 26.50% 26.50%
New Brunswick 29.00% 29.00%
Nova Scotia 29.00% 29.00%
Prince Edward Island 31.00% 31.00%
Newfoundland and Labrador 30.00% 30.00%
Northwest Territories 26.50% 26.50%
Nunavut 27.00% 27.00%
Yukon 27.00% 27.00%

 

Corporate Income Tax Rates – Combined Federal and Provincial

Small Business Rate
Based on Calendar Year-End

2021 2022 Small Business Limit (2022)
Federal Only 9.00% 9.00% $500,000
Alberta 11.00% 11.00% $500,000
British Columbia 11.00% 11.00% $500,000
Saskatchewan 9.00% 9.50% $600,000
Manitoba 9.00% 9.00% $500,000
Ontario 12.20% 12.20% $500,000
Quebec 12.38% 12.20% $500,000
New Brunswick 11.50% 11.50% $500,000
Nova Scotia 11.50% 11.50% $500,000
Prince Edward Island 11.00% 10.00% $500,000
Newfoundland and Labrador 12.00% 12.00% $500,000
Northwest Territories 11.00% 11.00% $500,000
Nunavut 12.00% 12.00% $500,000
Yukon 9.00% 9.00% $500,000