Competitive corporate taxes
Alberta has one of the most competitive tax environments in North America. It is the only province that does not have a provincial retail sales tax and there are no provincial capital or payroll taxes, which are common in many other provinces and U.S. states.
|Province||General||Mfg & Processing||Small Business|
|Newfoundland & Labrador||15.0||15.0||3.0|
|Prince Edward Island||16.0||16.0||4.5|
|State||General||Mfg & Processing||Small Business|
Note: U.S. rates are for 2016; Canadian rates are for 2017
- The small business rate is the effective tax rate for US$360,000 (comparable to the Canadian threshold of Cdn$500,000)
- The small business income threshold for Nova Scotia and Manitoba is Cdn$350,000 and $450,000, respectively. For all other provinces the small business income threshold is Cdn$500,000
Source: Canada Revenue Agency, Tax Foundation, KPMG Tax Facts 2016-2017
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Date Updated: Tue, 14 Mar 2017 03:12:15