2011 Business Tax Rates

The following table shows the general and small business corporate income tax rates federally and for each province and territory for 2011. Small business rates are after deducting the small business deduction available to Canadian-controlled private corporations (CCPCs). The small business rate applies to income up to the amount of the Business Limit.

2011 Corporate Income Tax Rates

 

General

Small Business

Business Limit

Federal 16.5% 11% $500,000
Alberta 10% 3% $500,000
BC 10% 2.5% $500,000
Manitoba 12% 0% $400,000
New Brunswick 11% / 10% 5% $500,000
Newfoundland & Labrador 14% 4% $500,000
Nova Scotia 16% 4.5% $400,000
Northwest Territories 11.5% 4% $500,000
Nunavut 12% 4% $500,000
Ontario 12%/11.5% 4.5% $500,000
Prince Edward Island 16% 1% $500,000
Québec 11.9% 8% $500,000
Saskatchewan 12% 4.5%/2% $500,000
Yukon 15% 4% $500,000




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