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  2. Canada small business tax rate - Wikipedia

    en.wikipedia.org/wiki/Canada_small_business_tax_rate

    Canada small business tax rate. In Canada’s federal tax system, the small business tax rate is the tax rate paid by a small business. As of 2019, the small business tax rate is 9% [1] The general corporate tax rate is 28%. [1] Additionally, each province or territory operates its own corporate tax system, with varying treatment for small ...

  3. Income tax in Canada - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_Canada

    Effective January 1, 2012, the net federal corporate income tax rate in Canada was 15%, or 11% for corporations able to claim the small business deduction; in addition, corporations are subject to provincial income tax that may range from zero to 16%, depending on the province and the size of the business. [17]

  4. Corporate tax in Canada - Wikipedia

    en.wikipedia.org/wiki/Corporate_tax_in_Canada

    Corporate tax in Canada. Corporate taxes in Canada are regulated at the federal level by the Canada Revenue Agency (CRA). As of January 1, 2019 the "net tax rate after the general tax reduction" is fifteen per cent. [1] The net tax rate for Canadian-controlled private corporations that claim the small business deduction, is nine per cent.

  5. Canada Revenue Agency - Wikipedia

    en.wikipedia.org/wiki/Canada_Revenue_Agency

    The Canada Revenue Agency (CRA; French: Agence du revenu du Canada; ARC) is the revenue service of the Canadian federal government, and most provincial and territorial governments. The CRA collects taxes, administers tax law and policy, and delivers benefit programs and tax credits. [4] Legislation administered by the CRA includes the Income ...

  6. Small and medium-sized enterprises - Wikipedia

    en.wikipedia.org/wiki/Small_and_medium-sized...

    This small business deduction is reduced for corporations whose taxable capital exceeds $10M and is eliminated for corporations whose taxable capital exceeds $15M. [76] It has been estimated that almost $2 trillion of Canadian SMEs will be coming up for sale over the next decade, which is twice as large as the assets of the top 1,000 Canadian ...

  7. Scientific Research and Experimental Development Tax Credit ...

    en.wikipedia.org/wiki/Scientific_Research_and...

    The SR&ED program is intended to encourage businesses of all sizes, particularly small to medium and start-up firms, to conduct research and development (R&D) that will lead to new, improved, or technologically advanced products, processes, devices, and materials. The Canadian SR&ED tax incentive is the government's largest single support ...

  8. Taxation in Canada - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Canada

    The federal government levies a value-added tax of 5%, called the Goods and Services Tax (GST), and, in five provinces, the Harmonized Sales Tax (HST). The provinces of British Columbia, Saskatchewan, and Manitoba levy a retail sales tax, and Quebec levies its own value-added tax, which is called the Quebec Sales Tax.

  9. New business owners could get a $50,000 tax deduction under ...

    www.aol.com/business-owners-could-50-000...

    Harris's proposal would increase that startup deduction tenfold, upping it from $5,000 to $50,000; businesses would also be able to defer claiming it until they turn a profit — which is when ...

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