Table 2 – Business income not eligible for SBD (2016)

   
%

Combined %
With MPP
Federal 15.00
Provincial
Alberta  12.001 27.00
British Columbia  11.00  26.00
Manitoba 12.00  27.00
New Brunswick 13.502 28.50
Newfoundland and Labrador 15.003  30.00
Northwest Territories 11.50  26.50
Nova Scotia  16.00  31.00
Nunavut  12.00  27.00
Ontario 10.00  25.00
Prince Edward Island 16.00  31.00
Quebec  11.904  26.90
Saskatchewan  10.00  25.00
Yukon 2.50  17.50
Without MPP
Federal 15.00
Provincial
Alberta 12.001 27.00
British Columbia 11.00  26.00
Manitoba 12.00  27.00
New Brunswick 13.502  28.50
Newfoundland and Labrador  15.003  30.00
Northwest Territories  11.50  26.50
Nova Scotia  16.00  31.00
Nunavut  12.00  27.00
Ontario 11.50  26.50
Prince Edward Island  16.00  31.00
Quebec  11.904  26.90
Saskatchewan  12.00  27.00
Yukon  15.00  30.00

 

1   The Alberta general corporate tax rate increased from 10% to 12%, effective July 1, 2015.
2   The New Brunswick corporate tax rate increased from 12% to 14%, effective April 1, 2016. The rate in this table represents the pro-rated rate for the calendar year.
3   The Newfoundland and Labrador corporate tax rate increased from 14% to 15%, effective January 1, 2016. The 2016 Newfoundland and Labrador budget has proposed to eliminate the manufacturing and processing profits tax credit, effective January 1, 2016. Prior to 2016, the provincial MPP rate was 5%.
4   The Quebec 2015-16 budget is proposing to gradually decrease the general rate from 11.9% to 11.5%, beginning in 2017 as follows: 2017 – 11.8%, 2018 – 11.7%, 2019 – 11.6% and 2020 – 11.5%.