Corporate Tax Rates
Corporate Tax Rates - December 31 , 2021
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 |
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| Manufacturing |
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| General |
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| Personal service |
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| CCPC - Investment |
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| Part IV |
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Corporate Tax Rates - December 31 , 2020
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 |
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| Manufacturing |
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| General |
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| Personal service |
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| CCPC - Investment |
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| Part IV |
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Corporate Tax Rates - December 31 , 2019
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 |
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| Manufacturing |
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| General |
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| Personal Service |
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| CCPC - Investment |
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| Part IV |
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Corporate Tax Rates - December 31 , 2018
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 |
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| Manufacturing |
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| General |
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| Personal Service |
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| CCPC - Investment |
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| Part IV |
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Corporate Tax Rates - December 31 , 2017
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 |
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| Manufacturing |
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| General |
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|
|
| CCPC - Investment |
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| Part IV |
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(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%