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||14.0||5.0||3.0|
|Prince Edward Island||16.0||16.0||4.5|
|State||General||Mfg & Processing||Small Business|
Rates as of January, 2015 except where otherwise noted.
- The small business rate is the effective tax rate for US $425,000 (comparable to the Canadian threshold of Cdn $500,000)
- The small business income threshold for Nova Scotia and Manitoba is Cdn $350,000 and $425,000, respectively. For all other provinces the small business income threshold is Cdn $500,000
Source: Canada Revenue Agency, Tax Foundation, KPMG Tax Facts 2014-2015
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Date Updated: Fri, 23 Oct 2015 09:44:54