Corporation Income Tax Rates for 2013

Federal

Ontario

Combined

 Businesses:    On First $500,000

General

Manufacturing

Investment – if CCPC(a)

Part IV

Capital Gains not relevant

 

11.00

15.00

15.00

34.67

33.33

Not relevant

4.50

11.50

10.00

11.50

15.50

26.50

25.00

46.17

33.33

23.08

 

 Corporation Income Tax Rates for 2014

Federal

Ontario

Combined

 Businesses: On First $500,000

General

Manufacturing

Investment – if CCPC(a)

Part IV

Capital Gains not relevant

 

11.00

15.00

15.00

34.66

33.33

Not relevant

4.50

11.50

10.00

11.50

15.50

26.50

25.00

46.17

33.33

23.08

(a)    Canadian Controlled Private Corporation

 Contribution/Premiums for 2013

Exempt Amount

Rate

Maximum Employer

Contribution

 Canada Pension Plan Contribution (i) Employment Insurance Premium (i)

Ontario Health Tax (ii)

$3,500.00

None

$400,000

4.95%

2.632%

1.95%

$2,356.20

$1,247.57

none

 

 Contribution/Premiums for 2014

Exempt Amount

Rate

Maximum Employer

Contribution

 Canada Pension Plan Contribution (i) Employment Insurance Premium (i)

Ontario Health Tax (ii)

$3,500.00

None

$450,000

4.95%

2.632%

1.95%

$2,413.80

$1,279.15

none

 

(i) figures are per employee (ii) figures are per Ontario permanent establishment incl. associated

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