Corporate Tax Rates
Corporate Tax Rates - December 31 , 2021
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 |
|
|
|
|
| Manufacturing |
|
|
|
|
| General |
|
|
|
|
| Personal service |
|
|
|
|
| CCPC - Investment |
|
|
|
|
| Part IV |
|
|
|
|
Corporate Tax Rates - December 31 , 2020
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 |
|
|
|
|
| Manufacturing |
|
|
|
|
| General |
|
|
|
|
| Personal service |
|
|
|
|
| CCPC - Investment |
|
|
|
|
| Part IV |
|
|
|
|
Corporate Tax Rates - December 31 , 2019
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 |
|
|
|
|
| Manufacturing |
|
|
|
|
| General |
|
|
|
|
| Personal Service |
|
|
|
|
| CCPC - Investment |
|
|
|
|
| Part IV |
|
|
|
|
Corporate Tax Rates - December 31 , 2018
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 |
|
|
|
|
| Manufacturing |
|
|
|
|
| General |
|
|
|
|
| Personal Service |
|
|
|
|
| CCPC - Investment |
|
|
|
|
| Part IV |
|
|
|
|
Corporate Tax Rates - December 31 , 2017
| Federal | Ontario | Combined | ||
| Business | ||||
| First $500,000 |
|
|
|
|
| Manufacturing |
|
|
|
|
| General |
|
|
|
|
| CCPC - Investment |
|
|
|
|
| Part IV |
|
|
|
|
Corporate Tax Rates: December 31, 2024
| Federal | Ontario | Combined | |
|---|---|---|---|
| Business | |||
| First $500,000 | 9.00% | 3.20% | 12.20% |
| Manufacturing | 15.00% | 10.00% | 25.00% |
| General | 15.00% | 11.50% | 26.50% |
| Personal sevice | 33.00% | 11.50% | 44.50% |
| CCPC - Investment | 38.67% | 11.50% | 50.17% |
| Part IV | 38.33% | - | 38.33% |
Corporate Tax Rates: December 31, 2023
| Federal | Ontario | Combined | |
|---|---|---|---|
| Business | |||
| First $500,000 | 9.00% | 3.20% | 12.20% |
| Manufacturing | 15.00% | 10.00% | 25.00% |
| General | 15.00% | 11.50% | 26.50% |
| Personal sevice | 33.00% | 11.50% | 44.50% |
| CCPC - Investment | 38.67% | 11.50% | 50.17% |
| Part IV | 38.33% | - | 38.33% |
Corporate Tax Rates: December 31, 2022
| Federal | Ontario | Combined | |
|---|---|---|---|
| Business | |||
| First $500,000 | 9.00% | 3.20% | 12.20% |
| Manufacturing | 15.00% | 10.00% | 25.00% |
| General | 15.00% | 11.50% | 26.50% |
| Personal sevice | 33.00% | 11.50% | 44.50% |
| CCPC - Investment | 38.67% | 11.50% | 50.17% |
| Part IV | 38.33% | - | 38.33% |
Corporate Tax Rates: December 31, 2021
| Federal | Ontario | Combined | |
|---|---|---|---|
| Business | |||
| First $500,000 | 9.00% | 3.20% | 12.20% |
| Manufacturing | 15.00% | 10.00% | 25.00% |
| General | 15.00% | 11.50% | 26.50% |
| Personal sevice | 33.00% | 11.50% | 44.50% |
| CCPC - Investment | 38.67% | 11.50% | 50.17% |
| Part IV | 38.33% | - | 38.33% |
Corporate Tax Rates: December 31, 2020
| Federal | Ontario | Combined | |
|---|---|---|---|
| Business | |||
| First $500,000 | 9.00% | 3.20% | 12.20% |
| Manufacturing | 15.00% | 10.00% | 25.00% |
| General | 15.00% | 11.50% | 26.50% |
| Personal sevice | 33.00% | 11.50% | 44.50% |
| CCPC - Investment | 38.67% | 11.50% | 50.17% |
| Part IV | 38.33% | - | 38.33% |
(1) There are federal rate reductions coming into effect in future years for business income under $500,000.
(2) For non calendar year ends straddling December 31st rates are prorated.
(3) Combined corporate tax rates.
First $500,000 Combined
2017 10.00% 14.50%
2018 9.50% 14.00%
2019 9.00% 13.50%