Corporate Tax Quick Reference Card
CURRENT TO JANUARY 15, 20211
SMALL BUSINESS LIMITS
| Province | Small business limit 2 | Combined tax rate |
| Federal | $500,000 | 9.00% |
| BC | $500,000 | 11.00% |
| AB | $500,000 | 11.00% |
| SK3 | $500,000/$600,000 | 9.00% / 15.00% |
| MB | $500,000 | 9.00% |
| ON | $500,000 | 12.20% |
| QC | $500,000 | 13.00% |
| NB | $500,000 | 11.50% |
| NS | $500,000 | 11.50% |
| PEI | $500,000 | 11.00% |
| NL | $500,000 | 12.00% |
| YK | $500,000 | 9.00% |
| NT | $500,000 | 11.00% |
| NU | $500,000 | 12.00% |
1 Tax rates reflect budget proposals and news releases to January 15, 2021
2 Saskatchewan ($600,000) has a small business limit that differs from the rest of the country ($500,000)
3 In Saskatchewan, for active business income up to $500,000 the combined tax rate is 9%. For active business income ranging from $500,000 to $600,000 the combined tax rate is 15%.
For the complete tax card, download the print PDF below.
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