Tax Tables
Canada: General Corporate Income Tax Rates
General Corporate Income Tax Rates – Combined Federal and Provincial
Based on Calendar Year-End
2022 | 2023 | |
---|---|---|
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
2022 | 2023 | Small Business Limit (2023) | |
---|---|---|---|
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 | 10.00% | 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 |