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2021-03-08

Corporate Tax Card - 2021

Current to January 15, 20211

 

Small Business Limits

 

Province Small business limit2 Combined tax rate
Federal  $500,000 9.00%
BC  $500,000 11.00%
AB  $500,000 11.00%
SK3  $500,000/$600,000 9.00% / 15.00%
MB  $500,000 9.00%
ON  $500,000 12.20%
QC  $500,000 13.00%
NB  $500,000 11.50%
NS  $500,000 11.50%
PEI  $500,000 11.00%
NL  $500,000 12.00%
YK  $500,000 9.00%
NT  $500,000 11.00%
NU  $500,000 12.00%

 

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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