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Corporate Tax Card - 2021

Current to January 15, 20211

Small Business Limits

ProvinceSmall business limit2Combined tax rate
Federal $500,0009.00%
BC $500,00011.00%
AB $500,00011.00%
SK3 $500,000/$600,0009.00% / 15.00%
MB $500,0009.00%
ON $500,00012.20%
QC $500,00013.00%
NB $500,00011.50%
NS $500,00011.50%
PEI $500,00011.00%
NL $500,00012.00%
YK $500,0009.00%
NT $500,00011.00%
NU $500,00012.00%

1Tax rates reflect budget proposals and news releases to January 15, 2021
2Saskatchewan ($600,000) has a small business limit that differs from the rest of the country ($500,000)
3In Saskatchewan, for active business income up to $500,000 the combined tax rate is 9%. For active business income ranging from $500,000 to $600,000 the combined tax rate is 15%.

For the complete tax card, download the PDF.

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