Per dentist.
If the business is making more than $500k, a substantially higher rates kick in, according to that link from the Canadian Government at least.
And fyi, a business is either incorporated in a province OR federally, not both.
I don't know much about the subject, but basic research indicates you know less. Look up any business tax guide for Canada. Have one from a Canadian accounting firm. https://accountor.ca/blog/taxation/corporate-tax-rate.html
In addition to the applicable federal corporate tax rate, a corporation must also pay the provincial corporate tax rate which differs from province to province.
"But I only said they weren't incorporated in both. I didn't say they weren't taxed by both." Then that comment is a non-sequitur because you were implying it.
But you're right. 38% is the basic rate on paper. Then they modify the hell out of it with various special treatments. Normal small business federal rate seems to be 9% up to 500k.
Per dentist.
If the business is making more than $500k, a substantially higher rates kick in, according to that link from the Canadian Government at least.
And fyi, a business is either incorporated in a province OR federally, not both.
I don't know much about the subject, but basic research indicates you know less. Look up any business tax guide for Canada. Have one from a Canadian accounting firm. https://accountor.ca/blog/taxation/corporate-tax-rate.html
In addition to the applicable federal corporate tax rate, a corporation must also pay the provincial corporate tax rate which differs from province to province.
"But I only said they weren't incorporated in both. I didn't say they weren't taxed by both." Then that comment is a non-sequitur because you were implying it.
But you're right. 38% is the basic rate on paper. Then they modify the hell out of it with various special treatments. Normal small business federal rate seems to be 9% up to 500k.
Per dentist.
If the business is making more than $500k, a substantially higher rates kick in, according to that link from the Canadian Government at least.
And fyi, a business is either incorporated in a province OR federally, not both.
I don't know much about the subject, but basic research indicates you know less. Look up any business tax guide for Canada. Have one from a Canadian accounting firm. https://accountor.ca/blog/taxation/corporate-tax-rate.html
In addition to the applicable federal corporate tax rate, a corporation must also pay the provincial corporate tax rate which differs from province to province.
"But I only said they weren't incorporated in both. I didn't say they weren't taxed by both." Then that comment is a non-sequitur because you were implying it.
But you're right. 38% is the basic rate. Then they modify the hell out of it with various special treatments. Normal small business federal rate seems to be 9% up to 500k.