2026 Canadian corporate income-tax rates
Federal: general 15% · small business 9% · business limit $500,000
Ordinary active business income; full small-business eligibility assumed. Combined rates apply only where both deductions qualify. Effective-date exceptions below apply.
| Province / territory | Provincial small | Provincial general | Combined small | Combined general | Provincial limit |
|---|---|---|---|---|---|
| Alberta | 2% | 8% | 11% | 23% | $500,000 |
| British Columbia | 2% | 12% | 11% | 27% | $500,000 |
| Manitoba | 0% | 12% | 9% | 27% | $500,000 |
| New Brunswick | 2.5% | 14% | 11.5% | 29% | $500,000 |
| Newfoundland and Labrador2% from January 1, 2026; 1.5% announced for January 1, 2027. Earlier portion: 2.5%. | 2% | 15% | 11% | 30% | $500,000 |
| Northwest Territories | 2% | 11.5% | 11% | 26.5% | $500,000 |
| Nova Scotia1.5% and $700,000 limit from April 1, 2025. Federal limit remains $500,000. | 1.5% | 14% | 10.5% | 29% | $700,000 |
| Nunavut | 3% | 12% | 12% | 27% | $500,000 |
| Ontario2.2% from July 1, 2026; 3.2% for earlier days. A spanning tax year requires proration. | 2.2% | 11.5% | 11.2% | 26.5% | $500,000 |
| Prince Edward Island15% general rate and $600,000 limit from July 1, 2025. Federal limit remains $500,000. | 1% | 15% | 10% | 30% | $600,000 |
| QuébecMinimum 2.2% only for tax years beginning after April 29, 2026; otherwise 3.2%. Hours/sector conditions apply. | 2.2% | 11.5% | 11.2% | 26.5% | $500,000 |
| SaskatchewanFederal limit remains $500,000. | 1% | 12% | 10% | 27% | $600,000 |
| Yukon | 0% | 12% | 9% | 27% | $500,000 |
Confirm before use: verify the rate, effective date and eligibility against the linked government sources. Changes may not yet be reflected; accuracy and currency are not guaranteed. Disclosure below.
Rate application & exclusions
- Allocate income among permanent establishments. Business limits can be shared, reduced or prorated.
- Provincial limits above $500,000 do not extend the federal small-business band.
- Ontario: prorate tax years spanning July 1, 2026.
- Québec: a January–December 2026 year remains at 3.2% provincial / 12.2% combined if fully eligible. The lower rate is based on the tax-year start.
- Newfoundland and Labrador: the specific 2026 update supersedes CRA's older 2.5% summary.
- Excluded: investment income, refundable tax, personal services businesses, M&P/zero-emission preferences, financial-sector additions, credits, tax holidays and personal dividend tax. Not an IAS 12 enacted-rate assessment.
Disclosure & limitation of liability
This free reference is general information, not tax, legal or accounting advice. Government changes, including retroactive changes, may be reflected with a delay. Confirm rates, effective dates, eligibility and legislative status against official sources before relying on them.
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Official government sources
- CRA — federal, provincial and territorial rates
- CRA — corporation tax updates
- Ontario — corporate income tax
- Revenu Québec — 2026 small-business deduction change
- Alberta — corporate rates and business limit
Newer specific notices can supersede older summary tables. Failed checks do not advance the last-verified date.