Ask Allan Forum

Get expert answers to your tax questions straight from Allan, our owner and experienced CPA. It’s free, direct, and designed to help you make the best decisions when it comes to your taxes.

how much is total r...
 
Notifications
Clear all

how much is total rate tax ( federal and ont tax) for small business in toronto and is there any exception?

2 Posts
2 Users
0 Reactions
1 Views
Posts: 0
(@Anonymous)
Joined: 1 second ago
[#14]

How much is total tax rate ( federal and ont tax) for small business in toronto and is there any exception?


1 Reply
Posts: 663
(@dexter)
Joined: 3 months ago

The combined corporate tax rate for small businesses in Ontario that earn active business income is 15% up to $500,000 of taxable income. Thereafter, the tax rate increases to 26%.


Reply
Share: