Surrey (604) 536-7614 Vancouver (604) 736-2571 Kelowna (250) 861-5300 Toll Free: 1-800-761-7772 Fax: 604-538-5356 www.knv.com BC CORPORATE TAX RATES FOR CANADIAN CONTROLLED PRIVATE COMPANIES 2014* 2013* 2013* 2012* 2011* Rate Rate Rate 13.50% 13.50% 13.50% 13.50% 26.00 26.00*** 25.00% 25.00% 26.50% 45.67% 45.67%*** 44.67% 44.67% 44.67% 33.33% 33.33% 33.33% 33.33% 04/1 to 12/31 01/1 to 03/31 Rate Rate Income up to $500,000 ** 13.50% Income in excess of $500,000 Investment Income Type of Income Active Business Income (26.67% of the taxable investment income is eligible for a refund at a rate of $1 for every $3 of dividends paid) Dividend Income (from non-connected corporations) (The tax is eligible for a refund of $1 for every $3 of dividends paid) 33.33% * The above tax rates are to be prorated based on the number of days in the taxation year before and after the date of the change of tax rate. ** For companies with taxable capital employed in Canada greater than $10M the ability to access the small business deduction will be reduced and will be completely eliminated when the taxable capital reaches $15M. *** Effective April 1, 2013, the BC general corporate rate has increased by 1% Last updated November 25, 2014
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