| 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
