Canada
British Columbia
British Columbia
Canada Federal
New Brunswick
Nova Scotia
Ontario
Corporate income tax rates and business limits
Corporate income tax rates are expressed as a percentage of taxable income earned in the province.
B.C. has two rates of corporation income tax – the general rate and the lower small business rate.
The lower small business rate is applicable to Canadian-controlled private corporations (CCPCs) with active business income eligible for the federal small business deduction.
Generally, active business income is income earned by a corporation from a business other than a specified investment business or a personal service business.
The lower small business rate applies to active business income up to the B.C. business limit of:
– $500,000 effective January 1, 2010
– $400,000 effective January 1, 2005 to December 31, 2009
– $300,000 from April 1, 2002 to December 31, 2004
The general rate applies to income over $500,000 and any income that is not eligible for the lower small business rate (e.g., investment income).
When the rate or the business limit changes during the tax year, you have to base your calculation on the number of days in the year that each rate or limit is in effect.
General Corporate Income Tax Rate
| Effective January 1, 2018 | 12.0% |
| April 1, 2013 – December 31, 2017 | 11.0% |
| January 1, 2011 – March 31, 2013 | 10.0% |
| January 1, 2010 – December 31, 2010 | 10.5% |
| July 1, 2008 – December 31, 2009 | 11.0% |
| July 1, 2005 – June 30, 2008 | 12.0% |
| January 1, 2002 – June 30, 2005 | 13.5% |
| July 1, 1993 – December 31, 2001 | 16.5% |
Small Business Corporate Income Tax Rate
| Effective April 1, 2017 | 2.00% |
| December 1, 2008 – March 31, 2017 | 2.50% |
| July 1, 2008 – November 30, 2008 | 3.50% |
| January 1, 2001 – June 30, 2008 | 4.50% |
| July 1, 2000 – December 31, 2000 | 4.75% |
| July 1, 1999 – June 30, 2000 | 5.50% |
| January 1, 1999 – June 30, 1999 | 8.50% |
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