Corporation tax rates

Author: External Author | | Categories: Tax Accountant , Tax Services

The basic rate of Part I tax is 38% of your taxable income, 28% after federal tax abatement.

After the general tax reduction, the net tax rate is 15%.

For Canadian-controlled private corporations claiming the small business deduction, the net tax rate is:

  • 9% effective January 1, 2019
  • 10% effective January 1, 2018

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Original Article Source Credits:   Government Of Canada ,

Article Written By:  NA

Original Article Posted on:  2021-04-09

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