Corporate Income Tax Rates - 2023 Calendar Year

 

Federal

Ontario

Combined

Active Business Income:

Canadian controlled private corporations:
First $500,000
Greater than $500,000
Other corporations

 

 
9.00%
15.00%
15.00%

 

 
3.20%
11.50%
11.50%

 

 
12.20%
26.50%
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%

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