Business -> Corporate income tax rates -> 2013 Corporate income tax rates
2013 Corporate Income Tax Rates
The following table shows the general and small business corporate income tax rates federally and for each province and territory for 2013. The small business rates are the applicable rates after deducting the small business deduction, which is available to Canadian-controlled private corporations (CCPCs). The small business rate is available on active business income up to the amount of the Business Limit.
The federal general rate is net of the 10% federal tax abatement and 13% (2012 and later years) general rate reduction. The general rate reduction is disallowed for a personal services business (PSB), for taxation years beginning after October 31, 2011, resulting in a corporate tax rate of 28% for PSBs.
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2013 Corporate Income Tax Rates |
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General |
Small Business |
Business Limit |
|
| Federal (1) | 15% | 11% | $500,000 |
| Alberta | 10% | 3% | $500,000 |
| BC (3) | 10% / 11% | 2.5% | $500,000 |
| Manitoba (8) | 12% | 0% | $400,000 |
| New Brunswick (5) | 10% / 12% | 4.5% | $500,000 |
| Newfoundland & Labrador | 14% | 4% | $500,000 (2) |
| Nova Scotia (6) | 16% | 3.5% | $400,000 |
| Northwest Territories | 11.5% | 4% | $500,000 (2) |
| Nunavut | 12% | 4% | $500,000 (2) |
| Ontario (4) | 11.5% | 4.5% | $500,000 |
| Prince Edward Island (7) | 16% | 1% / 4.5% | $500,000 (2) |
| Quebec | 11.9% | 8% | $500,000 |
| Saskatchewan | 12% | 2% | $500,000 |
| Yukon | 15% | 4% | $500,000 |
See also Corporate Taxation of Investment Income
- Federal general rates, after federal
tax abatement and general rate reduction:
- 21% before January 1, 2008
- 19.5% effective January 1, 2008
- 19% effective January 1, 2009
- 18% effective January 1, 2010
- 16.5% effective January 1, 2011
- 15% effective January 1, 2012
NL, NT, NU and PE use the federal small business limit.
The BC 2013 Budget announced that the corporate general tax rate will be increased from 10% to 11% effective April 1, 2013.
-
Ontario 2009 budget reduces general rate to
- 12% effective July 1, 2010
- 11.5% effective July 1, 2011
- 11% effective July 1, 2012 - deferred by 2012 Budget
- 10% effective July 1, 2013 - deferred by 2012 Budget
As per the Ontario 2012 Budget, Ontario is scheduled to return to a balanced budget in 2017-18, and at that time the general corporate tax rate reductions would resume.
- The NB 2013 budget
increased the general rate to 12% effective July 1, 2013.
As per the NS 2013 Budget, the small business income tax rate will be reduced to 3% effective January 1, 2014, and the small business limit threshold will be reduced from $400,000 to $350,000.
The PEI 2013 Budget announced that the small business tax rate would increase to 4.5% effective April 1, 2013. The dividend tax credit for non-eligible dividends will also be adjusted, from 5% of gross-up to 14.5% of gross-up.
The MB 2013 Budget announced that the small business limit would increase from $400,000 to $425,000 on January 1, 2014.
Resources
Canada Revenue Agency (CRA) Federal, Provincial and Territorial corporate income tax rates.Alberta corporate and commodity tax rates
Manitoba corporate income taxes
New Brunswick corporate income tax
Newfoundland & Labrador corporate income tax
Northwest Territories corporate income tax
Nova Scotia corporate income tax & credits
Nunavut Dept of Finance Taxation
Saskatchewan corporate income tax
Revised: October 26, 2023