Incorporating in Canada
Corporate Tax Rates
Federal Tax Rates
The basic rate of Part I tax is 38% of your taxable income, 28% after federal tax abatement.
After the general tax reduction, the net tax rate is:
18% effective January 1, 2010
16.5% effective January 1, 2011
15% effective January 1, 2012
For Canadian-controlled private corporations claiming the small business deduction, the net tax rate is 11%.
Provincial or territorial rates
Generally, provinces and territories have two rates of income tax – a lower rate and a higher rate.
The lower rate applies to the income eligible for the federal small business deduction. One component of the small business deduction is the business limit. Some provinces or territories choose to use the federal business limit. Others establish their own business limit.
The higher rate applies to all other income.
Provincial and territorial tax rates (except Quebec and Alberta)
The following table shows the income tax rates for provinces and territories (except Quebec and Alberta, which do not have corporation tax collection agreements with the CRA).
Provincial and territorial lower and higher tax rates not including Quebec and Alberta
|Province or territory||Lower rate||Higher rate|
|Newfoundland and Labrador||4%||14%|
|Prince Edward Island||1%||16%|
What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.
Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types.
Therefore TBA combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs.
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