Corporate Income Tax Rates - 2023 and 2024 Calendar Years

Federal

Ontario

Combined

Active Business Income:

Canadian controlled private corporations:

First $500,000

Greater than $500,000

Other corporations

9.00%

15.00%

3.20%

11.50%

12.20%

26.50%

Manufacturing Income:

15.00%

10.00%

25.00%

Investment Income:

Canadian controlled private corporations

38.67%

11.50%

50.17%

Part IV Tax on Taxable Dividends Received

38.33%

not applicable

38.33%

Other Tax Facts

Tax Rates:

Average Foreign Exchange Rates: