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Calculator · Open source
Corporate Income Tax Calculator
Calculate your Canadian corporate income tax for CCPCs and general corporations. Federal + provincial rates for all 13 provinces and territories.
Methodology
Public formulas, updated regularly. Built for Canadians, by Canadians.
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Deductions
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Tax Rate Reference — Ontario
Combined Small Business Rate12.20%
Combined General Rate26.50%
Federal — Small Business9.00%
Federal — General15.00%
Provincial — Small Business3.20%
Provincial — General11.50%
SBD Limit$500,000
After-Tax Retained Earnings
$263,400
Effective Tax Rate: 12.20%
Total Corporate Tax
$36,600
SBD Savings vs General
$42,900
Tax Breakdown
Gross Income
$300,000Deductions
-$0Taxable Income
$300,000SBD Portion (12.20%)
$300,000Tax: $36,600
General Rate Portion (26.50%)
$0Tax: $0
Federal Tax
$27,000Provincial Tax (Ontario)
$9,600Total Corporate Tax
$36,600After-Tax Retained Earnings
$263,400After-Tax Retained EarningsFederal TaxProvincial Tax
All Provinces — Combined Rates
| Province | SBD | General |
|---|---|---|
| Alberta | 11.00% | 23.00% |
| British Columbia | 11.00% | 27.00% |
| Manitoba | 9.00% | 27.00% |
| New Brunswick | 11.50% | 29.00% |
| Newfoundland & Labrador | 12.00% | 30.00% |
| Northwest Territories | 11.00% | 26.50% |
| Nova Scotia | 11.50% | 29.00% |
| Nunavut | 12.00% | 27.00% |
| Ontario | 12.20% | 26.50% |
| Prince Edward Island | 10.00% | 31.00% |
| Quebec | 12.20% | 26.50% |
| Saskatchewan | 10.00% | 27.00% |
| Yukon | 9.00% | 27.00% |
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