2024 – TAX BRACKETS AND RATES
|
General |
Small Business (CCPC) |
Business Limit |
Other |
| Federal | 15% | 9% | $500,000 | 38.7% |
| Alberta | 8% | 2% | $500,000 | 8% |
| BC | 12% | 2% | $500,000 | 12% |
| Manitoba | 12% | zero% | $500,000 | 12% |
| New Brunswick | 14% | 2.5% | $500,000 | 14% |
| Newfoundland & Labrador (1)(5) | 15% | 2.5% | $500,000 | 15% |
| Nova Scotia (2) | 14% | 2.5% | $500,000 | 14% |
| Northwest Territories (1) | 11.5% | 2% | $500,000 | 11.5% |
| Nunavut (1) | 12% | 3% | $500,000 | 12% |
| Ontario | 11.5% | 3.2% | $500,000 | 11.5% |
| Prince Edward Island (1) | 16% | 1% | $500,000 | 16% |
| Quebec (3) | 11.5% | 3.2% | $500,000 | 11.5% |
| Saskatchewan (4) | 12% | 1% | $600,000 | 12% |
| Yukon | 12% | zero% | $500,000 | 12% |
2025 – TAX BRACKETS AND RATES
| Federal |
15% |
9% |
$500,000 |
38.7% |
| Alberta |
8% |
2% |
$500,000 |
8% |
| BC |
12% |
2% |
$500,000 |
12% |
| Manitoba |
12% |
zero% |
$500,000 |
12% |
| New Brunswick |
14% |
2.5% |
$500,000 |
14% |
| Newfoundland & Labrador (1) |
15% |
2.5% |
$500,000 |
15% |
| Nova Scotia (2) |
14% |
2.5% / 1.5% |
$500,000 |
14% |
| Northwest Territories (1) |
11.5% |
2% |
$500,000 |
11.5% |
| Nunavut (1) |
12% |
3% |
$500,000 |
12% |
| Ontario |
11.5% |
3.2% |
$500,000 |
11.5% |
| Prince Edward Island (1)(5) |
16% / 15% |
1% |
$500,000 / $600,000 |
16% |
| Quebec (3) |
11.5% |
3.2% |
$500,000 |
11.5% |
| Saskatchewan (4) |
12% |
1% |
$600,000 |
12% |
| Yukon |
12% |
zero% |
$500,000 |
12% |
2026 – TAX BRACKETS AND RATES
|
General |
Small Business (CCPC) |
Business Limit |
Other |
| Federal | 15% | 9% | $500,000 | 38.7% |
| Alberta | 8% | 2% | $500,000 | 8% |
| BC | 12% | 2% | $500,000 | 12% |
| Manitoba | 12% | zero% | $500,000 | 12% |
| New Brunswick | 14% | 2.5% | $500,000 | 14% |
| Newfoundland & Labrador (1)(5) | 15% | 2.5% | $500,000 | 15% |
| Nova Scotia (2) | 14% | 2.5% | $500,000 | 14% |
| Northwest Territories (1) | 11.5% | 2% | $500,000 | 11.5% |
| Nunavut (1) | 12% | 3% | $500,000 | 12% |
| Ontario | 11.5% | 3.2% | $500,000 | 11.5% |
| Prince Edward Island (1) | 16% | 1% | $500,000 | 16% |
| Quebec (3) | 11.5% | 3.2% | $500,000 | 11.5% |
| Saskatchewan (4) | 12% | 1% | $600,000 | 12% |
| Yukon | 12% | zero% | $500,000 | 12% |