Corporate Tax Rates

Corporate Tax Rates

Corporate Tax Rates - December 31 , 2021
Federal Ontario Combined
Business
First $500,000
  • 9.00%
  • 3.20%
  • 12.20%
Manufacturing
  • 15.00%
  • 10.00%
  • 25.00%
General
  • 15.00%
  • 11.50%
  • 26.50%
Personal service
  • 33.00%
  • 11.50%
  • 44.50%
CCPC - Investment
  • 38.67%
  • 11.50%
  • 50.17%
Part IV
  • 38.33%
  • -
  • 38.33%
Corporate Tax Rates - December 31 , 2020
Federal Ontario Combined
Business
First $500,000
  • 9.00%
  • 3.20%
  • 12.20%
Manufacturing
  • 15.00%
  • 10.00%
  • 25.00%
General
  • 15.00%
  • 11.50%
  • 26.50%
Personal service
  • 33.00%
  • 11.50%
  • 44.50%
CCPC - Investment
  • 38.67%
  • 11.50%
  • 50.17%
Part IV
  • 38.33%
  • -
  • 38.33%
Corporate Tax Rates - December 31 , 2019
Federal Ontario Combined
Business
First $500,000
  • 10.00%
  • 3.50%
  • 13.50%
Manufacturing
  • 15.00%
  • 10.00%
  • 25.00%
General
  • 15.00%
  • 11.50%
  • 26.50%
Personal Service
  • 33.00%
  • 11.50%
  • 44.50%
CCPC - Investment
  • 38.67%
  • 11.50%
  • 50.17%
Part IV
  • 38.33%
  • --
  • 38.33%
Corporate Tax Rates - December 31 , 2018
Federal Ontario Combined
Business
First $500,000
  • 10.00%
  • 3.50%
  • 13.50%
Manufacturing
  • 15.00%
  • 10.00%
  • 25.00%
General
  • 15.00%
  • 11.50%
  • 26.50%
Personal Service
  • 33.00%
  • 11.50%
  • 44.50%
CCPC - Investment
  • 38.67%
  • 11.50%
  • 50.17%
Part IV
  • 38.33%
  • --
  • 38.33%
Corporate Tax Rates - December 31 , 2017
Federal Ontario Combined
Business
First $500,000
  • 11.00%
  • 4.50%
  • 15.50%
Manufacturing
  • 15.00%
  • 10.00%
  • 25.00%
General
  • 15.00%
  • 11.50%
  • 26.50%
CCPC - Investment
  • 38.67%
  • 11.50%
  • 50.17%
Part IV
  • 38.33%
  • --
  • 38.33%
 
Corporate Tax Rates: December 31, 2024
  Federal Ontario  Combined 
 Business
 First $500,0009.00%3.20%12.20%
 Manufacturing15.00%10.00%25.00%
 General15.00%11.50%26.50%
Personal sevice 33.00%11.50%44.50%
 CCPC - Investment38.67%11.50%50.17%
 Part IV38.33% - 38.33%
Corporate Tax Rates: December 31, 2023
  Federal Ontario  Combined 
 Business
 First $500,0009.00%3.20%12.20%
 Manufacturing15.00%10.00%25.00%
 General15.00%11.50%26.50%
Personal sevice 33.00%11.50%44.50%
 CCPC - Investment38.67%11.50%50.17%
 Part IV38.33% - 38.33%
Corporate Tax Rates: December 31, 2022
 FederalOntario  Combined 
 Business
 First $500,0009.00%3.20%12.20%
 Manufacturing15.00%10.00%25.00%
 General15.00%11.50%26.50%
Personal sevice 33.00%11.50%44.50%
 CCPC - Investment38.67%11.50%50.17%
 Part IV38.33% - 38.33%
Corporate Tax Rates: December 31, 2021
 FederalOntario  Combined 
 Business
 First $500,0009.00%3.20%12.20%
 Manufacturing15.00%10.00%25.00%
 General15.00%11.50%26.50%
Personal sevice 33.00%11.50%44.50%
 CCPC - Investment38.67%11.50%50.17%
 Part IV38.33% - 38.33%
Corporate Tax Rates: December 31, 2020
 FederalOntario  Combined 
 Business
 First $500,0009.00%3.20%12.20%
 Manufacturing15.00%10.00%25.00%
 General15.00%11.50%26.50%
Personal sevice 33.00%11.50%44.50%
 CCPC - Investment38.67%11.50%50.17%
 Part IV38.33% - 38.33%

(1) There are federal rate reductions coming into effect in future years for business income under $500,000.

(2) For non calendar year ends straddling December 31st rates are prorated.

(3) Combined corporate tax rates.

First $500,000 Combined
2017           10.00% 14.50%
2018             9.50% 14.00%
2019             9.00% 13.50%