Corporate Income Tax
Corporate Income Tax »
Business Income Tax Rates Canada
Effective January 1, 2010 the corporate income tax rate falls to 18% from 21% before January 2008. Yearly tax reductions will see the corporate income tax rate fall to 15% as of January 1, 2012. These corporate income tax reductions, says the Department of Finance Canada, will give Canadian corporations the lowest tax rate on new business investment in the Group of Seven (G7) by 2011 and the lowest statutory tax rate in the G7 by 2012.
The corporate tax rate will decrease as follows:
21% before January …