Corporation tax rates

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

Basic rate:                 38%

tax abatement (-):     (10%)

Rate reduction (-):     (13%)

Net tax rate:             15%

For Canadian-controlled private corporations (CCPC) claiming the small business deduction (SBD):

Basic rate:                             38%

tax abatement (-):                 (10%)

Small business deduction (-):  (17%)

 Net tax rate:                          11%

 

Additional information