Stimulating domestic and international investment
Ontario's competitive corporate tax rates encourage business investment in the province.
Ontario Corporate Income Tax Rates, 2010 - 2013
| General Corporate Income Tax Rate |
| |
2010 |
2011 |
2012 |
2013 |
| |
Jan 1 |
July 1 |
Jan 1 |
July 1 |
Jan 1 |
July 1 |
Jan 1 |
July 1 |
| Federal |
18 |
16.5 |
15 |
| Provincial |
14 |
12 |
11.5 |
11 |
10 |
| Combined |
32 |
30 |
28.5 |
28 |
26.5 |
26 |
25 |
| Corporate Income Tax Rate for Income from Manufacturing and Processing* |
| |
2010 |
2011 |
2012 |
2013 |
| |
Jan 1 |
July 1 |
Jan 1 |
July 1 |
Jan 1 |
July 1 |
Jan 1 |
July 1 |
| Federal |
18 |
16.5 |
15 |
| Provincial |
12 |
10 |
| Combined |
30 |
28 |
26.5 |
25 |
|
* Also applies to income from farming, mining, logging and fishing |
| Small Business Corporate Income Tax Rate* |
| |
2010 |
2011 |
2012 |
2013 |
| |
Jan 1 |
July 1 |
Jan 1 |
July 1 |
Jan 1 |
July 1 |
Jan 1 |
July 1 |
| Federal |
11 |
| Provincial |
5.5 |
4.5 |
| Combined |
16.5 |
15.5 |
|
* The Small Business Deduction is available to Canadian-controlled Private Corporations on the first $500,000 of active business income |
Notes: Legislated rates as of October 13, 2010
Source: Ontario Ministry of Revenue and Canada Revenue Agency (10/2010)
