Corporation Tax Rates 2024 Canada. Federal and provincial/territorial tax rates for income earned by a general corporation—2024 and 2025 current as of september 30, 2024 Cantonal and communal cits are added to federal cit, resulting in an overall effective tax rate between 11.9% and 21.0%,.
This convenient reference guide includes canadian individual and corporate tax rates and deadlines, summaries of recent tax cases and a wide range of other valuable tax information. Effective january 1, 2024, the lower rate of income tax is decreased from 3% to 2.5%.