In Canada, corporate income taxes are levied by both the federal government and provincial/territorial governments. The table below offers an illustrative example of the tax rates imposed by the federal and provincial/territorial authorities on income earned by Canadian-controlled private corporations (CCPCs) and general corporations. We've also included a combined federal and provincial tax rate for your convenience. For non-resident corporations, the general corporation rates listed in the table apply to business income associated with a permanent establishment in Canada.
Corporations residing in Canada are subject to corporate income tax on worldwide income. Review the 2023-2024 corporate income tax rates.
