Tax

2011-2012 tax tables

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Table 1 – Business income eligible for SBD (2011) Small business limit % Combined % Without MPP Federal Provincial Alberta British Columbia Manitoba New Brunswick Corporate taxation, CPP and EI 2011 Newfoundland and Labrador Northwest Territories Nova Scotia Nunavut Ontario Prince Edward Island Quebec Saskatchewan Yukon Without MPP MPP $500,000 500,000 500,000 400,000 500,000 500,000 500,000 400,000 500,000 500,000 500,000 500,000 500,000 500,0004 11.00 3.00 2.501 0.00 5.00 4.00 4.00 4.502 4.00 4.50 1.00 8.00 3.243 4.00 2.50 14.00 13.50 11.00 16.00 15.00 15.00 15.50 15.00 15.50 12.00 19.00 14.24 15.00 13.50 1 The rate will be further reduced to 0% effective April 1, 2012. 2 Rate was reduced from 5 to 4.5%, effective January 1, 2011. Rate will be further reduced to 4% effective January 1, 2012. 3 Rate was reduced from 4.5% to 2% effective July 1, 2011. The rate in the table represents the blended rate for the 2011 calendar year. 4 Small business limit increased from $400,000 to $500,000, effective January 1, 2011. Table 3 – Investment income1 (2011) % Combined % RDTOH 2 % Federal Table 2 – Business income not eligible for SBD (2011) % With MPP Federal Provincial Alberta British Columbia Manitoba New Brunswick Newfoundland and Labrador Northwest Territories Nova Scotia Nunavut Ontario Prince Edward Island Quebec Saskatchewan Yukon 16.501 10.00 10.002 12.00 10.503 5.00 11.50 16.00 12.00 10.00 16.00 11.90 10.00 2.50 26.50 26.50 28.50 27.00 21.50 28.00 32.50 28.50 26.50 32.50 28.40 26.50 19.00 Combined % Provincial Alberta British Columbia Manitoba New Brunswick Newfoundland and Labrador Northwest Territories Nova Scotia Nunavut Ontario Prince Edward Island Quebec Saskatchewan Yukon 34.673 10.00 10.004 12.00 10.505 14.00 11.50 16.00 12.00 11.756 16.00 11.90 12.00 15.00 44.67 44.67 46.67 45.17 48.67 46.17 50.67 46.67 46.42 50.67 46.57 46.67 49.67 26.67 26.67 26.67 26.67 26.67 26.67 26.67 26.67 26.67 26.67 26.67 26.67 26.67 1 Investment income includes interest, taxable capital gains and other property income, but not intercorporate dividends that are deductible for tax purposes. 2 Investment income of Canadian-Controlled Private Corporations (CCPC) gives rise to refundable dividend tax on hand (RDTOH), which is refunded at the rate of $1 for every $3 of taxable dividends paid. 3 16.5% rate for corporations which are not CCPCs. 4 Since January 1, 2011 (10.5% in 2010). 5 Rate was reduced from 11% to 10%, effective July 1, 2011. 6 Rate was reduced from 12% to 11.5%, effective July 1, 2011. Rate to be reduced to 11% on July 1, 2012 and to 10% effective on July 1, 2013. Federal Provincial Alberta British Columbia Manitoba New Brunswick Newfoundland and Labrador Northwest Territories Nova Scotia Nunavut Ontario Prince Edward Island Quebec Saskatchewan Yukon 16.501 10.00 10.002 12.00 10.503 14.00 11.50 16.00 12.00 11.754 16.00 11.90 12.00 15.00 26.50 26.50 28.50 27.00 30.50 28.00 32.50 28.50 28.25 32.50 28.40 28.50 31.50 1 Since January 1, 2011 (18% in 2010). Rate to be reduced to 15%, effective January 1, 2012. 2 Since January 1, 2011 (10.5% in 2010). 3 Rate was reduced from 11% to 10%, effective July 1, 2011. 4 Rate was reduced from 12% to 11.5%, effective July 1, 2011. Rate to be reduced to 11% on July 1, 2012 and to 10% on July 1, 2013. Table 2 – Business income not eligible for SBD (2011) (Continued) % Combined %

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