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Calculate your Corporate Income Tax in Canada for 2016 & 2017

Note: for personal income tax in Canada, please refer to our personal income tax calculator.

The corporate tax applied to a Canadian controlled private corporation is limited to one or two flat rates, which is different from the personal income tax where the rates change gradually and grow along with the taxable bracket revenue. Also, the tax rates on Canadian Private Corporations are only applicable on the profit, after deducting from the revenue all the current expenses related to the normal activity of the company, the interest, the amortization and the depreciation.

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Please change the suggested values with your own in the blue text boxes.

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Year (January to December):

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  Amount % of Income
$ %
$ %
$ %
$ %

In 2011, New Brunswick, Ontario and Saskatchewan change their rate on the 1st of July.
In 2012, Ontario changes its rate on the 1st of July.
In 2014, Newfoundland and Labrador change its rate on the 1st of July.
In 2014, Yukon changes its rate on the 1st of July.
In 2015, Alberta changes its rate on the 1st of July.
The calculator reflects the average of both rates within the year.

 

Canadian Federal & Provincial Corporate Income Tax Chart

 

Canadian Provinces Tax Comparison Chart

This chart shows how much tax is paid for the current income in each province.

 
Abbreviation Postal code ISO English name French name
Alta. AB Alberta Alberta
B.C. BC British Columbia Colombie-Britannique
Man. MB Manitoba Manitoba
N.B. NB New Brunswick Nouveau-Brunswick
N.L. NL Newfoundland and Labrador Terre-Neuve-et-Labrador
N.S. NS Nova Scotia Nouvelle-Écosse
N.W.T. NT Northwest Territories Territoires du Nord-Ouest
NU NU Nunavut Nunavut
Ont. ON Ontario Ontario
P.E.I. PE Prince Edward Island Île-du-Prince-Édouard
Que. QC Quebec Québec
Sask. SK Saskatchewan Saskatchewan
Y.T. YT Yukon Yukon
 
 
Numbers in our calculators are rounded to two decimals.
The same calculations made in an Excel spreadsheet may differ slightly.

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