Small Business Deduction Limit

Corporate taxes are lower on income below the Small Business Deduction limit which was increased to $400,000 on Jan 1, 2007.

The tax rates are available from accounting firm websites.

In Ontario

  • active business income up to the small business limit is taxed at 18.62%
  • investment income is taxed at 49.79%

(more details to be added)

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