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March 15, 2020

Corporate Tax Card - 2020

Quick Reference Card

Current to January 15, 20201

Small Business Limits

ProvinceSmall Business Limit2Combined Tax Rate
Federal$500,0009.0%
BC$500,00011.0%
AB$500,00011.0%
SK3$500,000 / $600,00011.0% / 17.0%
MB$500,0009.0%
ON$500,00012.2%
QC4$500,00014.0%
NB$500,00011.5%
NS$500,00012.0%
PEI$500,00012.0%
NL$500,00012.0%
YK5$500,00011.0%
NT$500,00013.0%
NU$500,00012.0%

 

1 Tax rates reflect budget proposals and news releases to January 15, 2020
Saskatchewan ($600,000) has a small business limit that differs from the rest of the country ($500,000)
3 In Saskatchewan, for active business income up to $500,000 the combined tax rate is 11%. For active business income ranging from $500,000 to $600,000 the combined tax rate is 17%.
4 CCPCs engaged in M&P activities in Quebec may be eligible for an additional reduction in the small-business rate.
5 CCPCs engaged in M&P activities in the Yukon may be eligible for an additional reduction in the small-business rate.

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