Canadian Controlled Private Corporations – Combined Federal & Ontario Corporate Tax Rates 2013

iStock_000000159774XSmallInvestment income may be subject to refundable tax of 26.67% of investment income. Portfolio dividends may be subject to Part IV tax of 33.33%. Part IV tax is added to the refundable dividend tax account. Investment income includes net rental income, taxable capital gains.

For non-CCPCs, the tax rate is 26.5% on investment and active business income.

Active business income up to $500K Active business income exceeding $500K Investment income
15.50% 26.50% 46.17%

In accordance with Circular 230 Disclosure

Larry Stolberg, CPA, CA, CPA (South Carolina), has been practicing as a full-time tax specialist for over 30 years, in the Toronto, Ontario Canada and surrounding GTA area with primary emphasis on:

•Corporate restructuring for business owners
•Estate/succession planning
•U.S. expatriate and cross border issues
•Tax efficient planning that will achieve both your short and long term objectives

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