Corporation tax rates

The federal income tax rates for income earned by a general corporation for 2012 and beyond:

Small business deduction (SBD)

Small business deduction (SBD) reduces part I tax that the corporation would otherwise have to pay. It is only available to corporations that were Canadian-controlled private corporations (CCPCs) throughout the tax year.

What is first-time donor’s super credit (FDSC)

The first-time donor’s super credit (FDSC) was introduced by the federal government in its Budget 2013. It is a temporary supplement to the existing non-refundable tax credit for charitable donations. It adds 25 percentage points to the federal charitable donation tax credit (CDTC) for eligible donors. FDSC can be claimed once between the 2013 and…