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Stephen Lim, CPA, CA
Henry Yan, CPA, CA

The Ascent Team
Suite 105- 3380 Maquinna Drive
Vancouver, BC
V5S 4C6, Canada
info@ascentteam.com
Tel. 604.291-0366
Fax. 604.291.0367
 

Corporate Income Tax Rates - B.C. and Federal Combined

From January 1, 2015 onwards

    First $500,000 and do qualify for the Small Business Deduction13.50%
    Above $500,000 or do not qualify for the Small Business Deduction26.00%
    Investment Income45.67%


From January 1, 2014 onwards

First $500,000 and do qualify for the Small Business Deduction13.50%
Above $500,000 or do not qualify for the Small Business Deduction26.00%
Investment Income45.67%


From January 1, 2013 onwards

First $500,000 and do qualify for the Small Business Deduction13.50%
Above $500,000 or do not qualify for the Small Business Deduction 26.00%
Investment Income45.67%


From January 1, 2012 onwards  
First $500,000 and do qualify for the Small Business Deduction 13.50%
Above $500,000 or do not qualify for the Small Business Deduction 25.00%
Investment Income 44.67%
   
From January 1, 2011 onwards  
First $500,000 and do qualify for the Small Business Deduction 13.50%
Above $500,000 or do not qualify for the Small Business Deduction 26.50%
Investment Income 44.67%
   
From January 1, 2010 onwards  
First $500,000 and do qualify for the Small Business Deduction 13.50%
Above $500,000 or do not qualify for the Small Business Deduction 28.50%
Investment Income 45.20%
   
From July 1, 2009 to December 31, 2009  
First $400,000 and do qualify for the Small Business Deduction 13.50%
Above $400,000 or do not qualify for the Small Business Deduction 30.00%
Investment Income 45.67%
   
From July 1, 2008 to December 31, 2008*  
First $400,000 and do qualify for the Small Business Deduction 14.92%
Above $400,000 or do not qualify for the Small Business Deduction 31.00%
Investment Income 46.16%
   
From January 1, 2008 to June 30, 2008*  
First $400,000 and do qualify for the Small Business Deduction 16.57%
Above $400,000 or do not qualify for the Small Business Deduction 32.82%
Investment Income 47.23%
   
*2008 calculation will be pro-rated.  
   
Prior to January 1, 2008  
First $400,000 and do qualify for the Small Business Deduction 17.62%
Above $400,000 or do not qualify for the Small Business Deduction 34.12%
Investment Income 47.79%
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