how much is total rate tax ( federal and ont tax) for small business in toronto and is there any exception?

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2852 viewsJanuary 23, 2017

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Anonymous Posted January 20, 2017

How much is total tax rate ( federal and ont tax) for small business in toronto and is there any exception?

1 Answer

score 0 · Answer 1 · 2017-01-24T15:32:41+00:00

The combined corporate tax rate for small businesses in Ontario that earn active business income is 15% up to $500,000 of taxable income. Thereafter, the tax rate increases to 26%.

how much is total rate tax ( federal and ont tax) for small business in toronto and is there any exception?

1 Answer

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