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Calculate your Corporate Income Tax in Canada for 2020 & 2021
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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