| |
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The following tax rate schedule details
the combined Federal and Ontario corporate income tax rates.
The schedule is divided into rates for Canadian Controlled Private
Corporations (CCPC) and those corporations that are not Canadian controlled
and private (General).
Rates
for the years ended Dec 31, 2010 and Dec 31, 2011
|
|
Ontario
|
2010 Tax Rate (%)
|
2011 Tax Rate (%)
|
General Active
Business Income
|
32/30
|
28.5/28
|
General Manufacturing Income
|
30/28
|
26.5
|
General Investment Income
|
32/230
|
28.5/28
|
CCPC Active Business Income under $500,00
|
16.5/15.5
|
15.5
|
CCPC Active Business Income over $500,00
|
32/30
|
28.5/28
|
CCPC Investment Income
|
48.7/46.7
|
46.7/46.2
|
|
