Federal Taxes
Goods and Services Tax
The federal government applies a 6% tax on all goods and services.
Corporation Tax
| Basic rate of Part I tax | 38% |
| After federal tax abatement | 28% |
| Canadian-controlled private corporations (with small business deduction) | 12% |
| Other corporations | 21% |
Source: Canada Revenue Agency (2007)
Personal Income Tax
| On the first $37,178* | 15.5% |
| On the next $37,179* | 22.0% |
| On the next $46,530* | 26.0% |
| Over $120,887* | 29.0% |
Source: Canada Revenue Agency (2007)
* Taxable income
Visit Canada Revenue Agency or Deloitte for more details on Canada's tax rates.
