The Corporate Tax Rate in Canada stands at 26.50 percent. source: Canada Revenue Agency

Corporate Tax Rate in Canada averaged 37.57 percent from 1981 until 2020, reaching an all time high of 50.90 percent in 1981 and a record low of 26.10 percent in 2012. This page provides - Canada Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Corporate Tax Rate - values, historical data and charts - was last updated on April of 2021.

Corporate Tax Rate in Canada is expected to reach 26.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Corporate Tax Rate is projected to trend around 26.50 percent in 2021, according to our econometric models.

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Canada Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
26.50 26.50 50.90 26.10 1981 - 2020 percent Yearly

Canada Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 26.50 26.50 50.90 26.10 percent [+]
Personal Income Tax Rate 33.00 33.00 33.00 29.00 percent [+]
Sales Tax Rate 5.00 5.00 7.00 5.00 percent [+]
Social Security Rate 14.09 14.09 14.95 7.90 percent [+]
Social Security Rate For Companies 7.37 7.37 7.90 4.30 percent [+]
Social Security Rate For Employees 6.72 6.72 7.05 3.60 percent [+]


Canada Corporate Tax Rate
In Canada, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Canada.