Tax Facts
Corporate Tax Rates
| Corporate Tax Rates: December 31, 2013 | ||||
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 | 11.00% | 4.50% | 15.50% | |
| Manufacturing | 15.00% | 10.00% | 25.00% | |
| General | 15.00% | 10.50% | 25.50% | |
| CCPC - Investment | 34.67% | 10.50% | 45.17% | |
| Part IV | 33.33% | -- | 33.33% | |
| Corporate Tax Rates: December 31, 2012 | ||||
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 | 11.00% | 4.50% | 15.50% | |
| Manufacturing | 15.00% | 10.00% | 25.00% | |
| General | 15.00% | 11.25% | 26.25% | |
| CCPC - Investment | 34.67% | 11.25% | 45.92% | |
| Part IV | 33.33% | -- | 33.33% | |
| Corporate Tax Rates: December 31, 2011 | ||||
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 | 11.00% | 4.50% | 15.50% | |
| Manufacturing | 16.50% | 10.00% | 26.50% | |
| General | 16.50% | 11.75% | 28.25% | |
| CCPC - Investment | 34.67% | 11.75% | 46.42% | |
| Part IV | 33.33% | -- | 33.33% | |
| Corporate Tax Rates: December 31, 2010 | ||||
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 (1) | 11.00% | 5.00% | 16.00% | |
| Subject to Ontario surtax (2) | 18.00% | 15.12% | 33.12% | |
| Manufacturing | 18.00% | 11.00% | 29.00% | |
| General | 18.00% | 13.00% | 31.00% | |
| CCPC - Investment | 34.67% | 13.00% | 47.67% | |
| Part IV | 33.33% | -- | 33.33% | |
| Corporate Tax Rates: December 31, 2009 | ||||
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 | 11.00% | 5.50% | 16.50% | |
| Subject to Ontario surtax (2) | 19.00% | 18.25% | 37.25% | |
| Manufacturing | 19.00% | 12.00% | 31.00% | |
| General | 19.00% | 14.00% | 33.00% | |
| CCPC - Investment | 34.67% | 14.00% | 48.67% | |
| Part IV | 33.33% | -- | 33.33% | |
| (1) The tax rate for CCPCs on active business income up to the business limite was reduced from 5.5% | ||||
| to 4.5% after June 30, 2010 | ||||
| (2) Ontario surtax on taxable income of an associated group in excess of $500,000 (to the extent | ||||
| the small business deduction was claimed). The 4.25% surtax claws back the small business | ||||
| deduction claimed over the next $1,000,000 of taxable income. To be phased out July 1, 2010. | ||||
| (3) Federal tax rate is to decrease effective January 1, as follows: | ||||
| 2010 | 18% | |||
| 2011 | 16.50% | |||
| 2012 | 15% | |||